Market Shrugs Off Weaker Than Expected Jobs Report, Stock Inch Higher Into Open

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Stock futures are holding onto early gains following a weaker than expected jobs report in which September non-farm payrolls rose by a less than expected 148,000 versus the consensus estimate of a 185,000 gain. Although the jobless rate declined 0.1% to 7.2%, the overall employment situation will continue to keep the Fed sidelined in regard to their monthly asset-purchase program which has been providing ample liquidity to the financial markets.

In addition to the employment situation, earnings will also hold center stage with upbeat third quarter results from Netflix ( NFLX ) and DuPont ( DD ) contributing to this morning's modest gains. Amid the flood of earnings expected throughout the day today is Amgen ( AMGN ), Travelers ( TRV ) and Juniper Networks ( JNPR ).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: AMGN , DD , JNPR , NFLX , TRV

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