This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

US Futures Rising Ahead Of Factory, Jobs Data

NEW YORK (AP) â¿¿ Stock futures rose Wednesday ahead of a flurry of job market data coming out this week.

Dow Jones industrial futures rose 47 points to 12,980. The broader S&P futures have added 3.5 points to 1,409. Nasdaq futures tacked on 2.25 points to 2,666.75.

The crucial monthly jobs report will be released by the Labor Department on Friday, but investors got a peak at job market conditions as payroll provider ADP released its monthly report Wednesday. ADP said that private employers added 118,000 jobs in November. That was short of most estimates, partially due to the devastation of Superstorm Sandy. The report didn't put a dent in the upward trajectory of U.S. futures markets, or trading overseas.

In Europe, Germany's DAX rose 0.3 percent rate to 7,455.38. The CAC-40 in France rose 0.3 percent at 3,591.

The Labor Department released its productivity report for the summer and said that productivity grew at an annual rate of 2.9 percent from July through September. That's the fastest pace in two years and up from an initial estimate of 1.9 percent. Labor costs dropped at a rate of 1.9 percent, more than the 0.1 percent dip initially estimated.

The Labor Department releases its weekly unemployment claims report Thursday, though that can be volatile, so most investors are awaiting the monthly jobs report Friday.

Later on Wednesday, the Commerce Department is expected to report that orders to U.S. factories rose modestly in October, thanks to a solid gain in demand for machinery and equipment.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,793.34 -134.86 -0.75%
S&P 500 2,080.55 -8.91 -0.43%
NASDAQ 4,919.1310 -20.1960 -0.41%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs