Market this Thursday 10/04

[ron]

The Department of Labor reported weekly initial jobless claims for the week ended September 19th rose to 317k, up from the previous reading of 301k. The futures markets did not move much on this report, as investors are awaiting tomorrow's employment release. Economists have forecast a 100K increase in September nonfarm payrolls.....Dow up 13.17 Points, Naz -4.59 rtq

[ron]

1. Jobless Claims Jump by 16,000
2. Marriott 3Q Profit Slips 7 Percent
3. Facebook Grabs Fed-Up MySpace Users, Adds Games to Lift Value
4. ECB, Bank of England Hold Rates Steady

[Dave]

If those idiots across the pond had done the smart thing and cut alongside the Fed...we'd be up and they wouldn't be losing export cash hand over fist against the dollar.

Unfortunately, they seem to be as obsessed with inflation as our own Fed was up until August 17th!

STUPID, STUPID, STUPID!

(remind me to never visit Europe! )

[ron]

The major indices are trading in negative territory due to a broad-based decline from opening levels.....Dow over 2.69 Points, Naz remains negative 3.52 rtq

[ron]

"The Department of Commerce reported that factory orders in August slipped 3.3%, versus the consensus estimate that called for a decrease of 2.8%. Orders rose 3.4% in July."

mrkt has moved off its early-morning lows despite a worse-than-expected factory orders report. The Dow is close to unchanged from the last update, while the Naz trails slightly behind in negative territory, it's actually almost even.