Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- U.S. stock futures were pointing to a flat open for Wall Street on Friday, as traders awaited key jobs data from the world's largest economy.
European stocks were rising while Asian stocks finished the trading session higher. Japan's Nikkei 225 index closed up 0.4% to 8,863.30 after the Bank of Japan announced no change in the country's key interest rate.
The economic calendar in the U.S. Friday includes the nonfarm payrolls report for September at 8:30 a.m. EDT.
Employers were expected to have added 113,000 jobs to their payrolls in September, according to a Reuters poll of economists. The unemployment rate is forecast to have risen to 8.2% from 8.1%. Consumer credit data for August also is due to be released Friday at 3 p.m.U.S. stocks on Thursday finished with solid gains following encouraging data on labor market conditions and dovish commentary from the European Central Bank. The Dow Jones Industrial Average rose 81 points, or 0.6%, to close at 13,575.
Sprint Nextel (S) is considering making a rival bid for MetroPCS Communications (PCS), which agreed on Wednesday to merge with T-Mobile USA, according to a report. Citing people familiar with the situation, Reuters reported Sprint is deciding whether to go public with a bid for MetroPCS, or to wait to bid for the combined company, in which Deutsche Telekom (DT) will own a stake of 76%.
Zynga (ZNGA), the social gaming company, forecast a loss for the third quarter and lowered its full-year outlook. Zynga said it expects a loss of 12 cents to 14 cents a share for the September-ended quarter with its non-GAAP per share performance coming in either breakeven or a loss of a penny a share. Wall Street's current consensus view is for a breakeven performance. Zynga projected third-quarter revenue in a range of $300 million to $305 million. For the year, the company dropped its expectations to bookings of $1.085 billion to $1.1 billion from a prior view of $1.15 billion to $1.225 billion.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
