Market this Wed 10/3

ron · #1 (**permalink**) 10-03-2007, 10:20 AM

ADP reports that employment rose 58,000 in September. That supports expectations of a 100,000 September nonfarm payroll gain to be reported Friday. ADP does not include government employment, which fell 28,000 in the August nonfarm data and could easily reverse in September. Futures inch higher but still indicate a lower open on what remains a very slow news day.

ron · #2 (**permalink**) 10-03-2007, 10:26 AM

ron · #3 (**permalink**) 10-03-2007, 10:28 AM

The Institute for Supply Management issues its reading on the sector at 10 a.m. EDT and is expected to report slower growth in September, following Monday's a weaker-than-expected reading on the manufacturing sector.

ron · #4 (**permalink**) 10-03-2007, 10:46 AM

well, so far into this session opening, mrkts are exhibiting weakness. there is no news to account for the sell-off....however, some shaking tho is to be expected..walls can't seem to do w/out it after all........Dow red 63 Points Naz -13.86

ron · #5 (**permalink**) 10-03-2007, 10:57 AM

The Department of Energy will release its weekly inventory report at 10:30 ET. According to a Bloomberg survey, analysts expect that crude oil inventories had a draw of 550K barrels last week. Crude futures are currently up 0.5% to $80.45 ahead of the report....Dow btw increasing its tape redness to 67 Points, Naz -17.41