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Weak Employment Report
by Dirk van Dijk, CFA
The jobs report disappoints as the unemployment rate exceeds the worst stress test scenarios.
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TODAY'S EARNINGS SURPRISES
Positive Surprises
| T.AC |
06:53 |
-0.22 |
2.44 |
1,209.1%  |
| MEA |
07:00 |
0.01 |
0.07 |
600.0%  |
| NCT |
06:57 |
-0.47 |
0.94 |
300.0%  |
| T.CMT |
13:27 |
-0.16 |
0.10 |
162.5%  |
| SWX |
03:18 |
-0.37 |
0.18 |
148.7%  |
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Economic Highlights: Nov 6: Unemployment up to 10.2% Unemployment Rate up by 0.4% to 10.2% in October; Nonfarm Payrolls down 190,000
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Stock Market News for November 6, 2009 A drop in the number of newly laid-off workers and upbeat remarks from bellwether Cisco Systems injected confidence about an economic recovery ahead of this morning’s highly expected October jobs report, propelling the Dow average to its first close above 10,000 in two weeks.
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Company News for November 6, 2009 Companies in the news are SBUX, H, JPM, F, VZ, GOOG, AIG, GE, AMZN, M, DB, NILE
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Zacks Morning Drive for November 7, 2009
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