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Markets & Stocks
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Stocks build up to jobs
New week looks to begin with gains as investors point toward March employment report at week's end.
March 29, 2004: 8:41 AM EST

NEW YORK (CNN/Money) - Bullish investors will try to keep a rally going Monday, coming off a winning week, as they await the key employment report at week's end.

Early Monday, futures pointed to a higher open for the major indexes.

A lot of the early week talk will focus on the March jobs report, due Friday morning. There have been expectations of stronger job growth over the past few months, but those hopes haven't been realized. In February, just 21,000 jobs were created; the Briefing.com economists' consensus forecast for March is 100,000.

 
For details of Friday's session, click above

The Dow Jones industrial average begins the week just shy of 10,213, having risen 0.3 percent last week despite a nearly 6-point loss Friday. The Nasdaq composite index, up 1 percent for all of last week, was down more than 7 points Friday to 1,960 (see chart for details).

Asian-Pacific stocks ended mixed, with Tokyo's Nikkei index down 0.5 percent. European markets gained in early trading. (Check the latest on world markets)

Among U.S. stocks trading in Europe, Goodyear Tire & Rubber (GT: Research, Estimates) rose more than 1 percent. The tire maker announced new products that it expects will cut the cost of using natural rubber by 15 percent within three years.

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Treasury prices retreated in early trading, sending the 10-year note yield down to 3.84 percent from 3.83 percent late Friday. The dollar gained against the yen, and was little changed versus the euro.

Brent oil futures slipped 42 cents to $31.57 a barrel in London, where gold was lower.  Top of page




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