Strong Labor Market and Productivity Growth Buoy Stocks, While Starbucks and Crocs Report Earnings

Jobless claims rose last week but remain low overall indicating a healthy labor market.

Q3 productivity jumped to the highest level in 3 years while unit labor costs fell. Good news for the Fed.

Starbucks beat earnings expectations and posted strong global same-store sales growth.

Crocs beat earnings but lowered full-year guidance leading shares lower pre-market.

Major stock indices are up in pre-market trading, recovering most of October's losses, after the economic data releases.