After stimulus-hungry investors were disappointed by this week's Federal Reserve and ECB announcements, they'll turn to today's nonfarm payroll report in hopes it will fuel action from the U.S. central bank. In particular, they'll be hoping payroll additions fall well below the 100,000 person consensus estimate. It may seem counterintuitive, but stocks could actually see a big boost from a poor report -- or a negative reaction to strong numbers. So sit back, relax, and watch as those focused on the short term react to a number that, in the grand scheme of things, has no real importance.
In the meantime, here's a snapshot of where futures markets stood as of this writing.
Futures Index |
Gain/Loss |
Gain/Loss % |
Value |
---|---|---|---|
Dow Jones Industrial Average |
96 | 0.7% | 12,927 |
Nasdaq | 21 | 0.8% | 2,639 |
S&P 500 |
9 | 0.7% | 1,371 |
Among Dow components to report today is consumer goods giant Procter & Gamble
Away from the Dow, shares of professional social network LinkedIn
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