At 8:10 a.m. futures are moderately up. However at 8:30 a.m. we will get the weekly jobless claims number. It is likely that the tone of the market could will be influenced by the number. Jobs are still at the top of the list. At some point corporations have to do their part and do some hiring.
CNN: Stocks poised to advance
"...Jobless claims bottomed out in July, so if we don't see a reversal and a pick up in hiring, that market could rollover."
Oil futures for September delivery rose 61 cents to $76.06 a barrel.
1 comment:
Oil seems to be banging it's head on the shitty economy in most of the developed world. Prices are in a range it can't seem to break out of.
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