LONDON (SHARECAST) - US stocks are on course to continue yesterday's dismal performance ahead of a key government report on jobs.
Across the markets, the Dow Jones is expected to start down 34 points to 11,166 with the Nasdaq seen flat at 1775. The S&P 500 is due to fall 3 points.
Investors are eagerly waiting for the Labor Department's jobs report for August, which is expected to fall 75,000 in the month, far more than the 51,000 job losses seen in July.
The Labor Department will release the employment rate for August, which is seen at 5.7%, the same as July.
In other economic news, the Mortgage Bankers Association will release information on home loan delinquencies for the second quarter.
Not much out on the corporate front. Dell is looking to sell off all or most of its factories worldwide within the next 18 months, according to the Wall Street Journal.
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