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RegMed Daily, Pre-Open, 10/7/11, stock-index futures retreat before job’s data

Good morning! Here’s what you … might need to know to start the day…

 

To understand the gyrations in the RegMed universe’s market!  It might provide food for thought … and portfolio awareness.

Stock futures edged down Friday; 10/7/11 after 3 days of strong gains. Futures on the Dow dropped 28 points to 11,018 and those on the S&P’s 500 index fell 3.40 points to 1,154.20. NASDAQ 100 futures fell 7 points to 2,197.75.

Asia stocks gained strongly in a broad-based Friday, as fresh optimism that the EU is ramping up efforts to shore up its financial system and prevent another global banking crisis boosted investor appetite for equities.

The main focus for markets Friday is likely to be the September non-farm payrolls data and unemployment rate at 8:30 am EST. The expectation is that figures will show the unemployment rate holding steady at 9.1%, with 59K jobs added in September, compared to zero net new jobs in August.

Hopefully, there will be NO surprises …