At 8:00 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open slightly higher but energy stocks might lag.
Earlier in the week I forgot that tomorrow is a holiday, even for Wall Street, so the infamous Fed report on jobs created in June comes out this morning. If the report is good to better than expected then maybe we get that little push to get the DOW over 17,000. Otherwise we tread water till the second quarter corporate report season begin.
CNN: Stocks: 4 things to know before the open
The U.S. Department of Labor will post its monthly jobs report at 8:30 a.m. ET. Economists surveyed by CNNMoney expect that 200,000 jobs were created in June, down from 217,000 in May.
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To all those anti-Obama haters, just for the record, when Obama took office in January of 2009 the economy was in the worst recession since the great depression, and the Dow Jones was at 7949. In less than six years it has more than doubled to 17,068. Go ahead and name another president who can match that.
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