Markets Are Making A Comeback After Two Good Reports
Jul 3, 2013, 18:13 IST
U.S. futures are rebounding in the wake of two good jobs reports.
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At 8:15, ADP told us the private U.S. companies added 188,000 payrolls in June. This was better than the 160,000 expected.
At 8:30, we learned that initial weekly jobless claims fell to 343,000 from 348,000 a week ago. Economists were looking for a reading of 345,000.
Dow futures are down 37 points and S&P futures are down 4.5 points.
Before the reports, Dow futures were down 72 points and S&P futures were down 8.5 points.
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Treasuries are selling off.
Here's a look an overnight look at Dow futures via FinViz:
