• Before the bell: Stocks headed for post-rally hangover

Market news

4 March 2011

Before the bell: Stocks headed for post-rally hangover

U.S. stock futures were flat Friday, heading for a lackluster open, as investors mulled over the government's monthly payrolls report.

Economy: The economy added 192,000 jobs in the month - roughly in line with expectations, as the unemployment rate ticked down to 8.9%.
The economists were predicting that the economy had added 190,000 jobs in February.
Economists also expected the unemployment rate to rise to 9.2%.

A report on factory orders is due after the opening bell.
Companies: Family Dollar (FDO, Fortune 500) rose about 4% over reports that it rejected a takeover offer from investor Nelson Peltz.
Commodities: Oil prices rose back near the top of a recent range, hitting a high near $103 a barrel in early trading.


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