Saturday, September 4, 2010

Indications: U.S. stock futures cheer jobs report

Stock Assault 2.0 - Artificial Intelligence Stock Market Software Alert Email Print

By Kate Gibson and Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- U.S. stock futures shot decisively higher Friday after the government's August employment report yielded better-than-forecast data on the jobs front, further lessening worries about the economic recovery.

"The data we've been receiving recently has been better than expected, and anything that exceeds expectations is bullish for the market," said Todd Schoenberger, managing director at LandColt Trading LLC.

The Labor Department said private employers added 67,000 jobs last month, with 54,000 jobs lost overall, mostly due to layoffs of temporary workers hired to conduct the Census. The unemployment rate climbed to 9.6%, as expected. Read about smaller-than-feared losses.

After lapsing slightly lower ahead of the data, futures on the Dow Jones Industrial Average shot up 140 points in its wake, and were lately up 116 points to 10,425.

S&P 500 futures gained 11.9 points to 1,101.5, while Nasdaq 100 futures added 23.75 points to 1,861.

Still, Wall Street's enthusiasm was likely tempered by the low volume already seen in August and especially ahead of the Labor Day holiday weekend.

"During ordinary trading days when there is heavy volume, this could be a 200-plus-point day," said Schoenberger.

The Dow /quotes/comstock/10w!i:dji/delayed (DJIA 10,448, +127.83, +1.24%) gained 0.5% Thursday, ending higher for the third session in a row.

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The ISM non-manufacturing gauge for August will be released at 10 a.m. Eastern.

This afternoon, Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, is scheduled to speak in Tennessee about the economy.

Asian markets finished higher overnight, and European stocks rose in the wake of U.S. data. The Stoxx Europe 600 index /quotes/comstock/22c!sxxp (ST:SXXP 260.40, +2.22, +0.86%) rose 1.2% in afternoon trading.

On the deals front, Goldcorp Inc. /quotes/comstock/13*!gg/quotes/nls/gg (GG 42.84, -0.96, -2.19%) /quotes/comstock/11t!e:g (CA:G 44.49, -1.69, -3.66%) said it will acquire all outstanding shares of Andean Resources Ltd. /quotes/comstock/11t!and (CA:AND 6.98, +2.17, +45.11%) /quotes/comstock/22x!e:and (AU:AND 6.40, +1.51, +30.88%) for $3.4 billion. Andean's principal asset is the Cerro Negro gold project located in Argentina. Read more about Goldcorp's Andean Resources deal

In the energy sector, BP PLC /quotes/comstock/13*!bp/quotes/nls/bp (BP 37.43, +0.86, +2.35%) /quotes/comstock/23s!a:bp. (UK:BP. 401.70, +9.10, +2.32%) said the cost of the response to the oil spill in the Gulf of Mexico has soared to $8 billion. The oil giant is working to replace the failed blow-out preventer from the Deepwater Horizon drilling rig in order to allow operations to complete a relief well to resume.

In premarket trading, shares of Take-Two Interactive Software Inc. /quotes/comstock/15*!ttwo/quotes/nls/ttwo (TTWO 9.50, +0.65, +7.34%) rallied 15% after the firm reported an unexpected quarterly profit and said it expects a profit for the fiscal year. Read more on Take-Two.

Job losses continue, but at modest pace

The U.S. economy shed jobs for a third straight month, losing 54,000 nonfarm jobs, but the losses were half as bad as expected. The unemployment rate rose to 9.6%.

Shares of H&R Block Inc. /quotes/comstock/13*!hrb/quotes/nls/hrb (HRB 13.30, +0.73, +5.81%) rose in premarket trading after the tax-preparation company reported a smaller loss from continuing operations than the market expected.

Shares of Finisar Corp. /quotes/comstock/15*!fnsr/quotes/nls/fnsr (FNSR 15.60, +1.99, +14.62%) rose in premarket trade after the firm reported better-than-expected results.

Campbell Soup Co. /quotes/comstock/13*!cpb/quotes/nls/cpb (CPB 36.21, -1.11, -2.97%) said fiscal fourth-quarter earnings increased to 33 cents a share.

In the currency markets, the U.S. dollar was little changed against its major rivals. The euro /quotes/comstock/21o!x:seurusd (EURUSD 1.2893, 0.0000, 0.0000%) gained 0.1% to $1.2835.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 82.02, +0.64, +0.79%) , which tracks the performance of the greenback against a basket of other major currencies, edged lower to 82.413.

Kate Gibson is a reporter for MarketWatch, based in New York. Polya Lesova is MarketWatch's London bureau chief.

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The Easiest Way To Profit

The Easiest Way To Profit By Siw wexhall

You got intrigued by the title and had to see for yourself. I do not blame you. Cash is King I have heard, and it does help to make more than average anyway.
The online business is glowing these days. More and more people are joining in and learning online marketing in order to provide themselves with an extra income. The hype is big around the so-called 24 hours to paycheck syndrome. What this means is that most of the people trying to find decent information online is led to believe that it is fairly easy (but can take time and effort) for the Average Joe. This is done by proffesional marketers which actually sells you the idea of something so wonderful and quick can be done if you just do this one little step ( may be upgrade in subscription or any bonus for you) What happens is that we as customers are beeing thaught a WHOLE LOT of information at once.
This naturally leads to an information overload that makes us tired in the eyes and heavy in our heads from reading a whole lot of e-books and web pages with codes and various unknown content.
If you fully concentrate on one task you will learn this task fairly easily. Beeing many tasks to learn it is natural that it will be more "boring" and eventually can wear you out and leading you to believe you have been dooped. Also by beeing added to list of a internet marketer will lead you onto some other marketers list pretty fast because they are promoting each other. And not responsibly in most cases. I just deleted and ended subscriptions from my gmail account yesterday and spent 4 hours. I am not even sure I am done yet.
However I was supposed to give you a some sort of a review on this particular product on this site also. This is beeing used as an example on how easy and fast you can get a site up and running even if you were working in a barber shop yesterday. This particular site was added in three hours. Ok. You got a site. Do people buy the product? Next challenge is traffic. In order to be succesful online it is mega important to be focused on the task ahead. No diversions. FINSH building one site (or byuing it on Flippa.com) and promote it all over the internet in order to get some customers "walking by" and potentially stopping by for a quick glance and hopefully purchasing from you.
When you follow one particular "blueprint" it is you that decide when to drop out or not. Most of the moneymaking products ( e-books and more) are one hundred percent or less functional. Around three years ago and more there was a LOT of products on the web which was made without the customer in mind. What I mean by that is that scammers were all over the place. They have almost completely vanished from the web as I can see. Of course if you are looking for the phrase "get rich now" you may be in for a couple or more, less serious sites.
Key is FOCUS. Learn one thing GOOD. Then you become proffesional in THAT ONE THING. It is really good to become a pro in one of the thousands of ways to make money online. It is scaleable. And your position ( if it was a J-O-B) would be hard to replace. It will be no need for a replacement if you changed course and learned another way of making money. The Internet is vast and big and the customers never really leave. My honest opinion? Get started right now. Learn how to get a product or site out there and promote it greatly. This is ONE way of doing it. We all want more money for "FREE". That is what it feels like when you make it. But only then. Focus and you will succeed.
To your success.
Siw wexhall
Follow a blueprint to the finish and you have become important in a "work environment"... You will also become wealthier! Please Take a Look for Yourself If this Is for You.
Call to action.


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