After yesterday’s drubbing, the market is looking to regain some of its footing. Greek debt worries still remain, but it seems the ‘shrugging off’ attitude has returned to the street. Plus there is going to be a new iPad today. Nothing like a shiny new toy to shift attention. Dow futures are currently up 44 points to 12,788. Nasdaq 100 futures are up 11.25 points to 2,601. The S&P 500 futures are rounding out the pre-market gains, up 5 points to 1,347.
Private sector employment numbers continue to show growth, adding 216k jobs in February. What this translates to the non-farm payrolls will be unveiled later this week. Probably not as good, but this is a positive sign for the labor market.
Most of the major markets are rebounding after yesterday’s losses. More of a take a breather day. The exception being Asia, which responded to the red day on the street. [Read more...]