Mid-Day Energy Market Update
The bears trying to take control forcing stocks lower and the S&P 500 lower towards this morning’s level and forcing the NASDAQ to session’s lows.
Stocks
Breaking News – U.S. Service Sector
U.S. Service Sector shows
Analysis Upgrades for May 3, 2012
Before the bell analysis upgrades:
Breaking News – From the ECB’s Draghi
ECB’s Draghi:
Breaking News – Labor Department Weekly Release
Labor Department Weekly Release out – are they forecasting the Friday’s Non-Farm Payroll release?
Breaking News – ADP Numbers Out
Payrolls processor Automatic Data Processing says private-sector jobs
Imperial Sugar Agrees to be Acquired (IPSU)
Louis Dreyfus Commodities LLC to buy Imperial Sugar Co (IPSU, quote). Imperial Sugar has agreed to be purchased by company Louis Dreyfus Commodities LLC via an all cash agreement that values the sugar refiner roughly at $78 million.
Rise in German Unemployment Further Discourages Euro Investors
THE TAKEAWAY: German unemployment rises by 19K, despite expectations for 10K fall -> positive labor market trend was said to have been outweighed by slowdown of economic momentum -> Euro drops as weak PMI manufacturing also comes in
A Deeper Look Into the ISM Manufacturing Report
The ISM Manufacturing Index climbed in April to a level of 54.8 from 53.4 March, beating analysis expectations. In fact expectations were for decline to 53.0 levels. While the Price Paid Index held at 61.0 for the month.
Breaking News
Breaking news at the open.