Stocks tried to edge higher at Friday’s opening bell on what some are calling an ‘amazing’ jobs report. The U.S. economy created 240,000 jobs in December, that’s more than expected. The unemployment rate fell to 5.6%. But wages also dropped for the month by $0.05 an hour. The Gap (GPS) opened lower despite reporting a 3% rise in comparable sales for November and December. It was its lower-end Old Navy brand that bolstered the figure. The retailer’s namesake was dropped 5% and Banana Republic was flat during the holiday shopping season. Google (GOOG) is planning to sell car insurance. Forrester Research says the business called ‘Google Compare Auto Insurance Services’ is licensed to sell insurance in 26 states. Users would also be able to buy policies in at least one state through insurers including MetLife (MET).
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