Tuesday, November 1, 2011

Futures Rise On Strong Private Payroll Numbers

Stock futures continued to swing up early on Wednesday after their remarkable late-day run on Tuesday. Investors reacted positively to private payroll numbers released by ADP that came in higher than expected. The private sector added 91,000 jobs in September, above expectations for about 75,000.

Dow futures rose 19 points to 10,702; S&P 500 futures rose 3.4 points to 1,117.

Seed giant Monsanto (MON) rose 2% after posting a narrower than expected loss. Walgreen (WAG) was off 1.4% after saying same store sales rose 3.4%. Bank of New York Mellon (BK) fell 3.6% after the New York Attorney General filed suit against the bank late on Tuesday, accusing it of fraud.

Tags: IPO ,Zeltiq's offering a hit after lowering its IPO share price

No comments:

Post a Comment