Good morning. This is day two of Ben Bernanke's testimony to Congress and premarket futures are under a little sell pressure this morning as investors deal with worse than expected jobless claims and the Monster Employment Index which rose 2 points but still shows a slowing job market.
Along with some mixed earnings movers like RIMM and WFR in the tech space, a lot of chatter has also surrounded statements made by George Soros who believes that we've not hit the final bottom in the market.
Premarket gainers: DNDN, ANGO, EBAY, LWSN, ATSI, RBN, XIN, EMKR, SCHN, RIMM, TMWD, CCU, LDK, SOLF, AKNS, TASR, SYT, MU, MEDX, HCBK, and MRVL.
Premarket losers: SQNM, GRMN, WFR, CSCO, PALM, SIRF, PRST, ETFC, HNI, RT, MTRX, BLKB, AMGN, ACGY, and AMZN.
Along with Ben, we also have the March ISM non-manufacturing index which is expected to show a decline of –0.8 to 48.5. The market probably will react to a better than expected report there, but remember most will be still fixated on tomorrow's all-important jobs report and whether we can hold yesterday's lows in any pullback. Have a great day!
