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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (15483)	5/31/2004 8:47:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95632

Payrolls will be important this week. cbs.marketwatch.com <<Payrolls will set the tone for markets By Rex Nutting, CBS.MarketWatch.com Last Update: 6:58 PM ET May 28, 2004 WASHINGTON (CBS.MW) -- The May U.S. payrolls report could be the catalyst that knocks U.S. investors off the fence. U.S. financial markets have been treading water for a month, waiting for something or someone to force a move one way or the other. Stocks, bonds, currencies and even commodities have gyrated over the past 30 days, but are now back close to levels seen in late April. The mostly-healthy-but-not-overpowering economic data have been offset by higher energy prices and worries about terrorism. Worries about inflation have waxed and waned, along with expectations about how fast the Federal Open Market Committee will raise interest rates. The May nonfarm payrolls report on Friday could settle at least some of the questions about the Fed and the economy, opening the way for a breakout in financial markets one way or the other. Some of the markets' other troubles could be addressed at the OPEC meeting on Thursday. Following growth of 337,000 in March and 288,000 in April, nonfarm payrolls are expected to rise about 220,000 in May, according to a survey of 27 economists conducted by CBS MarketWatch. The forecasts ranged from 135,000 to 300,000. See Economic Calendar. The jobs figures will be released Friday at 8:30 a.m. Eastern. Economists expect the jobless rate to remain at 5.6 percent and expect average hourly wages to grow 0.2 percent in April, or 2 percent year-over-year. [snip] As always, the Institute for Supply Management index will get a close reading on Tuesday. This diffusion index of sentiment among manufacturing executives is considered one of the most reliable leading indicators of economic activity. The data are due at 10 a.m. Tuesday. The ISM has been above 60 percent for six straight months, a feat not seen for 20 years. Economists expect a seventh month in May, with a reading of 61.6 percent.>> [snip]