The Market On Friday

Good morning and welcome to the weekend. It is 56 degrees, breezy, and sunny here in Upstate NY. I predict a gorgeous day especially since I saw the all sun weather logo. I took a longer walk route this morning. I was out around 5:30 a.m. and it was sunny, needed sun glasses at times. Lots of joggers, walkers, and dog walkers out and doing their thing. Just enjoy it.

At 8:00 a.m. futures are moderately down, the dollar is mixed, and oil is down.

At 8:30 a.m. the government will release its long awaited report on job creation or losses in the month of May. One suspects that the numbers will be anemic. But we will know exactly in 30 minutes so why bother to speculate.

Regardless, this report will clearly set the tone for the day's index movements. Let's recall that the overall economic news has been weak and the market has been in a decline. Keeping this in mind I will not be surprised if the weak recovery continues.

CNN: Investors bracing for jobs report

All eyes are on the government's May jobs report, due at 8:30 a.m. ET.


The U.S. Treasury announced Friday it sold off its last remaining stake of Chrysler Group LLC to Italian automaker Fiat...for $500 million.


Oil for July delivery slipped 56 cents to $99.84 a barrel.