Stocks Eyes on jobs

Posted by Forexsq 558 days ago (http://money.cnn.com)
img U.S. stocks were set to open higher Friday as investors anxiously await the monthly U.S. jobs report.

The government's monthly report will be released at 8:30 a.m. ET. Analysts surveyed by CNNMoney forecast that employers added 110,000 jobs in September, only a slight improvement over the 96,000 jobs added in August.

That wouldn't be enough to noticeably change the unemployment rate, which is expected to remain at a high 8.1%.

Later in the day, the Federal Reserve will release data on August consumer credit, which is expected to have expanded by $5 billion, according to a survey of analysts by Briefing.com.

U.S. stocks finished higher Thursday after European Central Bank president Mario Draghi reiterated the central bank's commitment to its new bond-buying plan. forex SQ

Who Voted for this Story


|  

Become Our Fan