U.S. stock market report
0709 ET 8Oct2010
Alcoa profit beats expectations, raises outlook
Alcoa Inc late Thursday reported a third-quarter profit that beat Wall Street estimates and increased its outlook for global aluminum demand.
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Shares of Alcoa, the first Dow component to report results, rose 3.6 percent to $12.64 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0702 ET 8Oct2010
Employment seen flat in Sept, jobless rate up
The U.S. economy probably added no jobs in September as shrinking government payrolls offset modest gains in private hiring, an outcome that would cement expectations of further Federal Reserve action to spur the recovery.
The government is expected to report on Friday that private employers added 75,000 jobs in September after an increase of 67,000 in August, according to a Reuters survey. The report is due at 8:30 a.m. EDT (1230 GMT).
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Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0658 ET 8Oct2010
Economic diaries for Oct. 8
Economic data on tap for Friday include the monthly employment report for September and wholesale trade for August.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
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