Market Happenings For Wednesday, December 05, 2012

Premarket, futures are up. Gainers this morning include DF (+3.09%), SWY, MUR, JOY and MU while losers include NFLX (-12.84%), FCX, FSLR, LUK and STX.

The Market

Private-sector employers added 118,000 jobs in November, less than the forecast of 125,000 jobs. October’s private payrolls were revised slightly down to an increase of 157,000 from the previously reported 158,000.

Friday we have the government’s monthly jobs report.

Europe is mostly higher and Asian markets ended higher. Shainghaiwas up +2.87% and Hong Kong was up +2.16%.

The national average price of gasoline is down one-tenth of a cent to $3.380 per gallon.

Facebook is joining the Nasdaq 100 next week.

Citi is cutting 11,000 jobs. How many people do they have working for them?

You know Starbucks should be a Dow stock. They are buying Teavana and now annouced they are building 3000 more stores by 2017. They got us hooked and now are reeling us in.

Earnings Reports

Earnings reports (estimates): BF/B-Brown-Forman ($0.78), SNPS-Synopsys (0.47), SAI-SAIC (0.34), ASNA-Ascena Retail (0.34), TTC-Toro (0.01), MW-Men’s Wearhouse (0.97), FNSR-Finisar (0.14).

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -0.9% with purchase sub-index +2.6% and refi sub-index -1.5%.

0745 ET ICSC (Int’l Council of Shopping Centers) weekly retailer sales.

0815 ET Nov ADP employment change expected +125,000, Oct +158,000.

0830 ET Final-Q3 non-farm productivity expected +2.8%, prelim +1.9%. Final-Q3 unit labor costs expected -1.0%, prelim -0.1%.

0855 ET Redbook weekly retailer sales.

1000 ET Oct factory orders expected unch m/m, Sep +4.8% m/m.

1000 ET Nov ISM non-manufacturing index expected -0.7 to 53.5, Oct -0.9 to 54.2.

1030 ET DOE Weekly Petroleum Status Report.

Both comments and pings are currently closed.

Comments are closed.