FastSaying
The big hurdles next week are the Fed meeting Tuesday and the jobs report Friday. The market reaction to those events may set the tone for the month and determine whether we'll see a November rally.
Donald Selkin
Jobs
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Didn't look like we were going to do much in the beginning because the jobs number came in lower-than-expected and the Michigan number also came in lower.
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Intel's news will have an impact on tech tomorrow, but it's going to be overshadowed by the jobs report.
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I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.
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I just think we can't seem to get out of that range we're in. We're in a seasonally difficult time of the year. All the good news is in the market ... it needs a new catalyst.
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Next week is the big one for earnings. You've got Microsoft, Intel, all the banks.
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