Little Movement on Wall Street Ahead of Jobs Report
With investors awaiting the government’s key monthly employment report, stock futures changed very little as investors avoided any big moves. While there is concern on Wall Street about a weak labor market, traders seem to be waiting on the sidelines to examine the pace of hiring before making any major decisions. The Standard & Poor’s 500 Index has also fallen the past two days after disappointing reports on hiring by private employers and weekly jobless claims with the unemployment rate expected to rise from 9.7 percent to 9.8 percent. With this information in the public domain, the economy is only…
