Today's Focus: Jobs, Wall Street, Earnings, and the Fed's Beige Book
Today, ahead of Friday's big unemployment report, traders will get a snapshot on how things look from the ADP jobs report, which looks at how many private sector jobs were lost last month. Economists predict that more than 600,000 jobs vanished.
Also today, we will get a look at the Fed's Beige Book, which is a summary of economic conditions around the country. Look for that report around 2:15 p.m.
So far, stock futures are pointing up, with Dow Jones industrial average futures rising 112 points, or 1.68 percent, to 6,781.Traders have battered the markets in recent days.
We're also watching corporate earnings. So far, Costco says its second quarter profit fell 27 percent.
--- Michael Rosenwald
March 4, 2009; 7:30 AM ET
Categories: The Ticker
Save & Share: Previous: February Vehicle Sales: GM Falls 53%, Ford Down 48%, Chrysler Slumps 42%, Toyota Off 37%
Next: White House Releases New Mortgage-Modification Plan
The comments to this entry are closed.