Stocks Little Changed Ahead of April Jobs Report with LinkedIn (LNKD) and Estee Lauder (EL) on the move
Posted on May 04, 2012 at 08:06 AM EDT
First look... Stock futures are flat this morning, tracking losses for global stocks, gold and oil, as investors got jittery ahead of the release of nonfarm payroll data. Nonfarm payroll data for April will be the main event for markets Friday. A survey of analysts forecast a 163,000 rise in jobs last month, and an unemployment rate flat at 8.2%. Hiring slowed sharply in March with just 120,000 jobs added, while anecdotal data from payroll processor ADP earlier this week also hinted at softness. While the monthly jobs number always tends to have a big impact on markets, the readings for April and May will be especially important in determining whether the Federal Reserve moves toward another round of quantitative easing or stays put. Asian stock markets ended lower Friday, with a sharp overnight drop in cru...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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