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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: TideGlider who wrote (90280)9/3/2010 8:26:13 AM
From: Hope Praytochange  Read Replies (1) of 224713
 
BEFORE THE BELL: US Stock Futures Mixed Ahead Of Jobs Data 09/03 08:03 AM



U.S. stock-index futures were slightly mixed on Friday, as investors paused for breath ahead of pivotal jobs data that are likely to show more weakness in the American labor market.
Futures on the Dow Jones Industrial Average fell 4 points to 10305 and S&P 500 futures were virtually unchanged at 1089. Nasdaq 100 futures added 1.50 points to 1838.70.
The Dow gained 0.5%, ending higher for the third session in a row.
The U.S. government will report employment data for August at 8:30 a.m., EDT. Economists polled by MarketWatch expect a decline of 105,000 in overall nonfarm payrolls and a net increase of 30,000 private-sector jobs.
The official unemployment rate is projected to rise to 9.6% from 9.5%..
"It seems that every fresh U.S. data point is eagerly awaited at the moment," said Jim Reid, strategist at Deutsche Bank AG, in a note to clients. "This sharper focus will likely be a regular feature of the post-crisis world due to the likely lower trend rate of growth."
The ISM non-manufacturing gauge for August will be released at 10 a.m., EDT.
This afternoon, Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, is scheduled to speak on the economy in Tennessee.
Asian markets finished higher overnight and European stocks posted modest gains. The Stoxx Europe 600 index rose 0.3% in late morning trading.
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