Added: Sep 3, 2010
Author: TradeTheTrend
Duration: 1:13
U.S. stock futures are trading mixed Friday ahead of the government's monthly employment report. The Labor Department is expected to report private employers added 41,000 workers in August, which would be the fewest since January. The unemployment rate is expected to have climbed to 9.6% in August from 9.5% in July. A separate report from the Institute of Supply Management is expected to indicate the services sector continued to expand in August. On Wednesday the ISM said that the manufacturing sector expanded in August at a faster pace than economists forecast. The Dow Jones Industrial Average (DJI) futures are trading 5.00 points below fair value, the S&P500 (INX) futures are trading 0.60 points below fair value, and the Nasdaq Composite (IXIC) futures are trading 0.25 points above fair value.
Channel: News
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