Stocks Face Full Plate Friday After Wild Selloff
A day before the U.S. government is scheduled to release its April nonfarm payrolls report, investors began digesting the Labor Department's
For Friday's report, economists are projecting April job growth of 187,000 after March's increase of 162,000 jobs. But Delta Global's Pento said there's a strong chance the market will not see a lift from tomorrow's jobs news because of the European overhang.
The government also said productivity climbed up at a seasonally adjusted 3.6% annual clip in the first quarter, though consensus estimates were looking for a 2.4% increase. The rise is slightly off the revised 6.3% gain in the fourth quarter.Retail same-store sales data for April came in largely below predictions.
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