Here are the top stories we are watching that could impact trading in the stock market this morning…
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All About Jobs (or lack thereof) - The May Nonfarm Payrolls report is the story of the day
and it is not a pretty picture.
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More weak data from across the pond - European Services PMI's all down from April
readings.
- Greek PM George Papandreou will present new austerity measures to EU leaders today in Luxembourg.
- Groupon has filed for a $750 million IPO, which could value the company at $20 billion.
- Apple is said to be ready to announce news on its new iCloud music service.
- ISM Non-Manufacturing report due at 10:00 am eastern.
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Here's your executive summary of Wall Street Research for this morning.
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TSP Big-Picture Market Models Looking to quantify the state of the market? Check out TSP's Big
Picture Market Models.
- Oil prices are falling this morning - May futures trading at $98.71
- Key technical areas to watch on S&P 500 (cash index) - Key Support: 1300ish, Resistance: 1320
S&P 500 Last 3 Months
US Oil Fund - Last 3 Months
PowerShares US Dollar - Last 3 Months
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