Wednesday, September 02, 2009

The Market On Wednesday

At 8:00 a.m. futures are relatively flat.

Jobs losses for August will be an improvement over losses in July but the big news of the day is BP's discovery of an oil reserve in the Gulf of Mexico.

Oil is a big deal and BP's news will be a hot topic today.

Reuters: Stock futures flat ahead of data
Also, the ADP jobs report is due at 8:15 a.m. EDT, with economists polled by Reuters looking for a loss of 250,000 jobs in August versus 371,000 in July.

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