Back to top

Economic Highlights

October 4: Trading Action Likely To Remain Slow

 ZacksTrade Now


Today’s trading action will likely be not much different from what we have been seeing in the last few sessions, with investors waiting for Friday’s September non-farm payroll report and the start of the third quarter earnings season next week. On the news front this morning, we got a positive looking weekly Jobless Claims report on the home front, while there were no surprises in the European Central Bank’s decision to leave interest rates unchanged.

The key variable on the European front now is for the Spanish government to swallow its pride and ask for a bailout. Everybody in the market knows that it’s only a question of ‘when’ not ‘if’ the Spaniards will be making the call, but the delay is nevertheless unhelpful, to say the least.

The key labor market report that everyone is waiting for is the Friday jobs report from the Bureau of Labor Statistics, with consensus expectation of 118K job gains in September.  This morning’s Jobless Claims data was also moderately on the positive side, though the survey week for the claims report does not correspond with the survey week for Friday’s BLS report. Initial claims increased by 4K last week o 367K. However, given the upward revision to the prior week’s tally by 4K, the actual increase was 8K. The 4-week average, which smoothes out the week to week volatility in this series, remain unchanged at 375K.

Wednesday’s labor market reading from payroll processor Automatic Data Processing (ADP) seems to show that we should get a positive surprise from the BLS. But given the ADP’s less than stellar record lately, we haven’t seen in much in terms of upward adjustments to consensus expectations.


Factory Orders for May are scheduled for release today at 10:00 AM EST and are expected to decrease by 4.5% following the July increase of 2.8% to $478.6 billion.



Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%