Market news
05.08.2011, 13:28

Before the bell: US Stock futures rose

 

U.S. stock-index futures rose (S&P futures +9.9, Nasdaq +13.5. ), signaling the market may rebound from its worst drop in more than two years, as stronger-than-forecast growth in jobs eased concern the economy is sliding into a recession.
Non-farm payrolls increased in July by 117,000, which is greater than the increase of 84,000 that had been expected, on average, among economists. What's more, prior month payrolls were revised upward to reflect an increase of 46,000, instead of the 18,000 increase that had been initially reported. Private payrolls spiked by 154,000, which exceeds the 100,000 increase that had been widely anticipated. The better-than-expected payroll increases helped the headline unemployment rate come in at 9.1%, instead of the 9.2% that had been broadly forecasted by economists.
Company news: AIG (AIG) swung to a Q2 net profit of $1.84B from a loss of $2.66B a year earlier, when it was saddled with charges tied to discontinued operations. 

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location