Stocks mixed at opening following unemployment news
Stocks are mixed this morning on Wall Street following the good-news/bad-news report on jobs in the private sector.
In the first 20 minutes of trading, the Dow is flat.
The broader S&P 500 is just below water and the tech-heavy Nasdaq is up one-quarter of 1 percent.
The private sector cut 169,000 jobs in November, according to the ADP Employer Services report.
This was more than the forecast of 155,000. However, it was fewer jobs lost than in October, when the ADP report said 195,000 jobs were lost in the private sector that month.
Jobs are the story the rest of this week. Tomorrow, the White House is hosting a jobs summit, and several top-line chief executives are scheduled to attend. Also tomorrow, last week's new jobless claims will be released.
And on Friday, the November unemployment rate will be released, and we'll see whether it stays at 10.2 percent or not.
-- Frank Ahrens
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December 2, 2009; 9:53 AM ET
Categories: The Ticker | Tags: Dow Jones, nasdaq, s&p 500
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