Skip to comments.Futures Tick Up Amid Upbeat Data
Posted on 11/01/2012 6:18:57 AM PDT by mykroar
Two better-than-expected reports on the U.S. labor market, coupled with a round of strong manufacturing data from China, lifted stock-index futures on Thursday.
As of 8:35 a.m. ET, Dow Jones Industrial Average futures rose 14 points to 13043, S&P 500 futures climbed 0.75 point to 1408 and Nasdaq 100 futures advanced 8.3 points to 2649.
The markets capped October on a weak note, with the Dow sliding some 2.5%. The tech-heavy Nasdaq fared worse, tumbling 4.5%.
Read more: http://www.foxbusiness.com/markets/2012/11/01/futures-flat-ahead-busy-day/#ixzz2Ayb3U0e7
(Excerpt) Read more at foxbusiness.com ...
Shocking, I know......
Planned job cuts by U.S. firms soared 41% to 47,724 to a five-month high in October from September, according to Challenger, Gray & Christmas.
The things that can't be spun are very unhappy.
Read more: http://www.foxbusiness.com/markets/2012/11/01/futures-flat-ahead-busy-day/#ixzz2Ayb9Y0tN
Those huge downward revisions are “upbeat”??
All these numbers are hocus pocus figures that dance around a mean. 372,000 (revised) down to 363,000? Statistical noise and not meaningful. Tomorrow’s jobless rate report will present us with more BS, without question. The media have already received the advanced word and have written their stories of “steady economic recovery.” Romney needs to stick with his shrewd strategy of not focusing on the unemployment rate, but instead the difference between the number of jobs the Marxist promised in 2009 and those that were actually delivered.
From CNBC: "A day after the firm (ADP) sharply lowered its original count for September, ADP and Macroeconomic Advisors, working now with Moody's Analytics, said the service sector once again had a big month for job creation.
I am sure those numbers are trustworthy, lol
Sell the pops.
Service sector = SEIU
ADP is Frank Lautenberg’s company. Consider the source.
Doesn’t matter. Just wait for tomorrow when the labor board releases their numbers. No one cares if they are fudged. All they know is the headline number. The numbers will be good for Obama. Count on it.
I'm sure the BLS will roll in that data to re-adjust its UE rate from 7.8% back up to the correct 8.1%. /s
Yep. Truth and accuracy be damned, Hilda Solis and Co. are all in to protect the boss.
I predict the BSers at the BLS will tell us 180K were created, and the UE3 rate dropped to 7.5%.
If, by “upbeat data,” you mean polls, well, there may be something to it.
“Two better-than-expected reports on the U.S. unicorn market, coupled with a round of strong manufacturing data from the overseas shoemaker Elves, lifted stock-index futures on Thursday.”