On Monday, Humana, Hasbro, Lorillard and Sysco all report their earnings and you can also expect economic data on Consumer Credit.
On Tuesday, look for earnings from Martin Marietta, Sara Lee, NYSE Euronext, Walt Disney, OpenTable, Take-Two Interactive and Evergreen Solar.
Wednesday, Intercontinental Exchange, Coca-Cola Co, Polo Ralph Lauren, Akamai Technologies, Allstate Corp, MetLife, GSI Commerce, Terex, Activision Blizzard, Whole Foods and Cisco Systems all make their quarterly
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Looking ahead at next week, it's looking to be filled with plenty of earnings reports and economic data.
The increase in payrolls was lower than economists' expectations for a gain of 140,000. Economists had expected the jobless rate to rise to 9.5% from 9.4% in December.
The data was impacted by winter weather and annual benchmark revisions.
New York led the country with 22,800 job cuts last month, followed by Minnesota with 22,400 firings, and Florida with 17,900 according to figures from the report.
West Virginia had the most increase joblessness, up 0.3%, followed by Colorado, Georgia and Nevada, up 0.2% each. Nevada also showed the highest jobless rate in the country at 14.5%.
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The Labor Department reported that payrolls decreased in 35 U.S. states while the unemployment rate rose in 20, showing that the labor market recovery is slow to gather momentum, according to a Bloomberg report.
December's unemployment rate was an increase of 0.1% from 8.2% in November. However, the state did add 20,000 jobs in the month for the fourth consecutive month of job growth.
Texas added 230,800 jobs in 2010 and saw an annual job growth rate of 2.3% compared to the national average of 0.9%.
The Texas Workforce Commission reported Friday that the jobless rate in the country's second-largest state has increased for the second straight month to 8.3% in December despite increases in the number of jobs.
The Labor Department reported that the U.S. unemployment rate fell to 9.4% in December, which is the lowest level since May of 2009, as the economy added 103,000 jobs during the final month of 2010.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
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