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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (15112)	4/6/2001 8:34:04 AM
From: 2MAR$	Respond to of 37746

Wages Higher, But A Secondary Concern Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 8:33 (Dow Jones) Average hourly earnings up 0.4%, slightly more than expected. But Fed's worried about growth, not inflation, so wages of secondary importance. (BB) 8:32 (Dow Jones) March payrolls down 86K and jobless rate at 4.3%. DJ/CNBC survey had called for 60K job gain and 4.3% jobless rate. Weak payroll number should confirm 50 BP May rate cut forecasts, but probably not enough to reignite inter-meeting rate cut speculation. (BB) 8:30 (Dow Jones) Some of the large gains posted in Thursday's session will be taken away at the start of the session. At least that's how things look before the release of March payroll numbers. The nation's unemployment rate is expected to have risen to 4.3%, and data that look to be in line shouldn't push equities too far in either direction. There were some technology-related earnings shortfalls projected last night, though the names involved weren't the very top-tier companies. Tellabs (TLAB) and RadioShack (RSH) warned this morning. Stock futures down modestly, Tsys firm. (TG) (END) DOW JONES NEWS 04-06-01 08:33 AM * end of story *