Symbol Lookup
Register | Login My Watchlist | My Account | Logout
to View Your Portfolio

Pre Market | Dow Jones | Gold | Newsletters | Learn

Futures Gain ahead of Nonfarm Payrolls Data

Friday, February 1, 2013 8:46 AM
U.S. stocks futures gained on Friday with investors keenly anticipating Labor Department’s monthly nonfarm payrolls data, scheduled to be released at 8:30 a.m. EST, on Friday. Economists’ consensus estimate is for 160,000 new job additions January. In December, nonfarm payrolls rose by 155,000. The unemployment rate is expected to remain unchanged at 7.8%. At last check, futures on Dow Jones Industrial Average Index gained 0.38%; those on NASDAQ 100 added 0.26% while futures on S&P 500 Index edged up 0.27% In some other U.S. economic news, Markit flash January  purchasing managers index (PMI) is scheduled to be released at 9 a.m. Eastern, followed by the Institute of Supply Management’s ( ISM )January factory index at 10 a.m. The University of Michigan’s final consumer sentiment reading for the month of January is slated to be released 9:55 a.m. Economists are expecting the reading rising slightly to 71.5 from a preliminary reading of 71.3. Later at 10 a.m. Eastern, a data on construction spending for December is due with  economists expecting it  to rise by 0.8%, after falling unexpectedly 0.3% in November. Two oil industry’s heavy-weights Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM) are scheduled to report quarterly earnings on Friday. Toy maker Mattel Inc. (NASDAQ: MAT) edged down in premarket trading after it reported weaker than expected fiscal fourth quarter results. Dell Inc. (NASDAQ: DELL) rallied 7% in premarket trading after sources familiar with the matter said that Dell  Inc was nearing  to sell itself to an investment consortium led by founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners. NetSuite Inc (NYSE: N) leaped nearly 7% in premarket trading after the cloud computing service provider late on Thursday reported better than expected adjusted earnings and revealed its aggressive growth strategy for fiscal 2013. In Asia, equities ended mainly higher with Nikkei edging up 0.47%. Elsewhere in Europe, equities were mainly higher with Pan European Stoxx 600 gaining 0.22%, FTSE 100 up 0.38% while DAX tacking higher 0.25%.

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

For faster growth, Modi needs to show Indians more reasons to saveFor faster growth, Modi needs to show Indians more reasons to save
MUMBAI (Reuters) - On paper, India`s households have more reason than ever to save. But convincing them that the central bank can keep inflation low is proving difficult, hindering the country`s amb...
Mis-selling risks grow with China's insurance sales armyMis-selling risks grow with China's insurance sales army
HONG KONG/SHANGHAI (Reuters) - Chinese insurers are on a hiring binge, recruiting an army of agents to sell their products to a burgeoning middle class, but the risk of mis-selling by inexperienced ...
Two-decade Pfizer mission pays off for Guggenheim's deal kingTwo-decade Pfizer mission pays off for Guggenheim's deal king
LONDON/NEW YORK (Reuters) - Alan Schwartz knows how to play a long game. The executive chairman of boutique investment bank Guggenheim Partners spent almost 20 years cultivating Pfizer <PFE.N&g...
Egypt's central bank savior faces tricky balancing actEgypt's central bank savior faces tricky balancing act
CAIRO (Reuters) - From bankers to carmakers, Egypt`s business community will breathe easier when Tarek Amer takes charge at the central bank on Friday, with hopes high he will revamp a monetary poli...
Bank of America to halt dollar supplies to Angola: sourcesBank of America to halt dollar supplies to Angola: sources
LUANDA (Reuters) - Bank of America <BAC.N> will stop supplying U.S. dollars to Angola at the end of this month, two foreign exchange sources said on Thursday, a move that could pile pressure on ...

Loading Headlines...

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile

Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Be a Better
Trader, Today
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More