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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (281854)	10/8/2010 9:21:45 AM
From: Smiling Bob	Respond to of 306849

CNBC had their stock copy ready to go ----- Futures Fall, Then Recover After Jobs Report Published: Friday, 8 Oct 2010 \| 8:45 AM ET Text Size By: CNBC.com and wires * Digg * Buzz * Facebook * Twitter * More Share Stock index futures initially fell on the disappointing jobs report for September but then quickly recovered and were headed for a flat open. FOR INVESTORS * Dow 30: Extra-Hour Quotes * Pre-Markets/Futures Data U.S. nonfarm payrolls fell 95,000 last month, more than expected, mainly due to the loss of government jobs. Private sector jobs rose by 64,000, less than expected. The unemployment rate remain unchanged at 9.6 percent. The report heightened expectations that the Federal Reserve will pump more money into the financial system—known as quantitative easing—to help spur growth. "The twisted irony is this should be perceived as a negative, but Wall Street is banking on heavy Fed involvement to help push stocks higher for the rest of the year," said Todd M. Schoenberger, managing director LandColt Trading. "The result could be an increase in risk appetite for equities and a move away from 'safer' and tangible investments like Treasuries and gold." The markets also were waiting for wholesale inventory data for August, which is expected at 10 a.m. Investors will also be looking out for remarks by policymakers at a meeting of IMF/G7 officials which starts on Friday and will address rising tension over currency policies. Hours before the gathering kicked off, Japan’s finance minister warned that the country will continue to intervene in foreign exchange markets when deemed necessary. The Japanese authorities, who are worried a strong yen will hit the country’s export sector, intervened in the market for the first time in six years last month. The U.S. dollar fell on Friday, while gold continued to rise. Stocks to watch on Friday include Sanofi-Aventis [SNY 34.04 --- UNCH (0) ], which dismissed suggestions by bid target Genzyme [GENZ 72.36 --- UNCH (0) ] that it had opened the door to paying a higher price for the US biotech company. Amazon.com [AMZN 156.27 --- UNCH (0) ] will open an applications store that runs on Google's [TM 71.15 --- UNCH (0) ] mobile Android platform, the Wall Street Journal reported. Amazon.com's entry into the mobile-applications marketplace would open a new battlefield with Apple [AAPL 289.22 --- UNCH (0) ], the paper said. Shares of Alcoa [AA 12.20 --- UNCH (0) ] rose more than 2 percent in pre-market trading after the aluminimum producer reported third-quarter profit above Wall Street expectations after the bell on Thursday. Alcoa also issued an upbeat outlook, raising its forecast for global aluminum demand this year to 13 percent from 12 percent. In Europe, shares opened lower, with energy stocks among the top decliners. On Tap Today: