{"id":357471,"date":"2011-04-01T10:12:00","date_gmt":"2011-04-01T10:12:00","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/01\/stocks-look-firm-ahead-of-jobs-report\/"},"modified":"2011-04-01T10:12:00","modified_gmt":"2011-04-01T10:12:00","slug":"stocks-look-firm-ahead-of-jobs-report","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-look-firm-ahead-of-jobs-report\/","title":{"rendered":"Stocks look firm ahead of jobs report"},"content":{"rendered":"<p><div readability=\"84.815533980583\">    <!-- KEEP --><a href=\"http:\/\/money.cnn.com\/data\/premarket\/index.html\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/3e1ded4dfutures.top_.png.png\" alt=\"premarkets\" width=\"475\" height=\"280\" border=\"0\" class=\"cnnstoryImageFull\" \/><\/a><span><b>Click the chart for more premarket data.<\/b><\/span><span id=\"fb-recommend\"\/><br \/>\n<span>By CNNMoney staff<\/span><span>April 1, 2011: 6:09 AM ET<\/span><!--startclickprintexclude--><br clear=\"all\"\/><\/p>\n<p>NEW YORK\u00a0(CNNMoney) &#8212; U.S. stocks were headed for early gains Friday, ahead of the government&#8217;s monthly jobs report &#8212; one of the most closely-watched economic indicators on Wall Street.  <\/p>\n<p>Dow Jones industrial average (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=INDU&#038;source=story_quote_link\">INDU<\/a>), S&#038;P 500 (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=SPX&#038;source=story_quote_link\">SPX<\/a>) and Nasdaq (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=COMP&#038;source=story_quote_link\">COMP<\/a>) futures were higher ahead of the opening bell. Futures measure current index values against perceived future performance.<\/p>\n<p>On Thursday, <a href=\"http:\/\/money.cnn.com\/2011\/03\/31\/markets\/markets_newyork\/index.htm\">U.S. stocks<\/a> closed the first quarter of 2011 slightly higher, with investors remaining in a holding pattern ahead of Friday&#8217;s jobs report.<\/p>\n<p>Stocks posted solid gains the first three months of the year, despite geopolitical turmoil in the Middle East and the March earthquake and nuclear crisis in Japan &#8212; all on top of lingering concerns about the U.S. economy. <\/p>\n<p>In the first quarter, the Dow rose 6.5%, the S&#038;P 500 added 5.6% and the Nasdaq gained 4.8%.<\/p>\n<p>Investors are hoping a major employment report Friday will help continue the streak. At 8:30 a.m. ET, the government will release its key monthly jobs report. A CNNMoney survey of 18 economists forecasts a 180,000 jump in payrolls for March, with the unemployment rate holding steady at 8.9%.<\/p>\n<p> <a href=\"http:\/\/money.cnn.com\/news\/economy\/index.html\"><b>Economy:<\/b><\/a> Also on tap for Friday morning, the Institute for Supply Management&#8217;s March manufacturing index and the Commerce Department&#8217;s February construction spending report will be released at 10 a.m.<\/p>\n<p>Economists expect the ISM manufacturing index to remain steady at a reading of 61.4, while construction spending is expected to fall by 0.7%.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/news\/companies\/\"><b>Companies<\/b><\/a>: Major automakers including General Motors (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=GM&#038;source=story_quote_link\">GM<\/a>), Ford (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=F&#038;source=story_quote_link\">F<\/a>, <a href=\"http:\/\/money.cnn.com\/magazines\/fortune\/fortune500\/2010\/snapshots\/160.html?source=story_f500_link\">Fortune 500<\/a>) and Toyota (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=TM&#038;source=story_quote_link\">TM<\/a>) will release their monthly sales reports after the start of trade.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/data\/world_markets\/europe\/\"><b>World markets:<\/b><\/a> Asian markets ended the session mixed. The Shanghai Composite rose 1.3%, and the Hang Seng in Hong Kong added 1.2%. But Japan&#8217;s Nikkei eased 0.5%, after a report showed auto sales in the nation <a href=\"http:\/\/www.cnn.com\/2011\/WORLD\/asiapcf\/04\/01\/japan.auto.sales\/index.html\">plunged 37% in March.<\/a><\/p>\n<p>European stocks rose in morning trading. Britain&#8217;s FTSE 100 rose 0.7%, the DAX in Germany gained 0.9% and France&#8217;s CAC 40 edged higher 0.5%.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/data\/currencies\/index.html\"><b>Currencies<\/b><\/a><b> and <a href=\"http:\/\/money.cnn.com\/data\/commodities\/index.html\">commodities:<\/a><\/b> The dollar rose against the euro, the Japanese yen and the British pound.<\/p>\n<p>Oil for May delivery rose 31 cents to $107.03 a barrel. <\/p>\n<p>Gold futures for June delivery slipped $4.20 to $1,435.70 an ounce. <\/p>\n<p><a href=\"http:\/\/money.cnn.com\/data\/bonds\/index.html\"><b>Bonds<\/b><\/a><b>:<\/b> The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.48% from 3.45% late Thursday. \u00a0<a href=\"http:\/\/money.cnn.com\/2011\/04\/01\/markets\/premarkets\/index.htm?section=money_topstories&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29#TOP\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\" alt=\"To top of page\" border=\"0\" width=\"7\" height=\"7\" \/><\/a><\/p>\n<p><!--endclickprintexclude--><\/div>\n<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/3e1ded4dfutures.top_.png-150x150.png\" \/><\/p>\n<p>See original here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/rss.cnn.com\/~r\/rss\/money_topstories\/~3\/b2MbcJ50hUg\/index.htm\" title=\"Stocks look firm ahead of jobs report\" rel=\"noopener noreferrer\">Stocks look firm ahead of jobs report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Click the chart for more premarket data. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-357471","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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