Financial Advisors


Meeder's Morning Minutes 
September 3, 2010:

Economic news this morning:
  • Nonfarm payrolls decreased by 54k during August, which was better than expectations for a decline of 105k. However, the decrease was due to the loss temporary census workers, with the private sector adding 67k jobs during August compared to expectations for an increase of 40k.
  • The unemployment rate increased to 9.6% in August from 9.5% in July, which was in line with economist estimates.

    Market reaction:

  • Stock futures are higher this morning. Dow futures are up 120 points and S&P futures are up 13 points.
  • Treasury bond markets are broadly lower.

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