Employment report dominates calendar
David Russell | firstname.lastname@example.org
Today's calendar is dominated by the monthly employment report one hour before the market opens.
Economists anticipate that non-farm payrolls grew by 125,000 jobs in October, following a gain of 114,000 in September. The unemployment rate, which is derived separately, is expected to increase to 7.9 percent from 7.8 percent.
The Bureau of Labor Statistics will publish the data at 8:30 a.m. ET. It follows a strong ADP private-sector report and better-than-expected jobless claims yesterday.
Germany, France, and the Eurozone will release manufacturing data overnight that could potentially affect sentiment. Economists are looking for continued contraction.
The Commerce Department's report on factory orders is the last and least important data today, scheduled for release at 10 a.m. ET. Given that it covers September, it is now relatively old and is unlikely to affect trading.
Futures are lower as caution reigns
May 24, 2013
S&P 500 futures are down modestly after losses of half a percent to a full percentage point in Europe. Asian markets were mixed overnight, though Shanghai and Tokyo rebounded from yesterday's declines.
Global selloff hits equity indexes
May 23, 2013
S&P 500 futures are down almost 1 percent, while European indexes are lower by about 2 percent. The real declines came in Asia, where Japan's Nikkei plunged 7 percent and Hong Kong shed 2.5 percent.
Stocks keep climbing before Bernanke
May 22, 2013
S&P 500 futures are up about one-tenth of a percent ahead of the Fed chairman's appearance before Congress. Most European indexes are modestly lower but have been climbing in the last hour.
Bernanke fears weigh on sentiment
May 21, 2013
Now that employment, housing, and the global economy have improved, investors are growing nervous that the central bank will become less accommodative.
Corporate earnings lead the calendar
May 21, 2013
Corporate earnings are the main item on today's agenda as retailers Home Depot, Best Buy, Saks, and TJX report quarterly results.