Consumer Borrowing Bust, Chance Of Rate Jump, Jobless Spike

Stocks ended the day mixed after poor economic news counteracted the initial positive NFP figures. The jobless rate spiked to levels not seen in 25 years and consumer borrowing plummeted depressing stocks. Additional negative news of the Federal funds future contracts pricing in a 70% chance of an interest rate increase by the end of 2009 further dampened spirits. The DJIA was able to fight ahead by +12.89 to 8763.13, the Nasdaq slipped back by -0.60 cents to 1849.42 and the S&P 500 gave up -2.37 to 940.09.

Cadiz ( CDZI | Quote | Chart | News | PowerRating) - The desert land owner surged 45.70% or $3.93 to $12.53/share after signing an agreement that will allow it to irrigate its land.

Dupont ( DD | Quote | Chart | News | PowerRating) - The chemical company led the DJIA lower falling 5.85% or $1.68 to $27.03 upon being downgraded by Bank of America.

Harley Davidson ( HOG | Quote | Chart | News | PowerRating) - Dropped 6.73% or $1.26 to $17.45/share after receiving a downgrade at Citigroup.

Monster ( MWW | Quote | Chart | News | PowerRating) - Advanced 5.79% or 0.73 cents to $13.33/share on the job data.

Oil fell 0.37 to $68.45, Gold gave back $19.70 to $962.60 and the VIX fell 1.86% to 29.62.

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Market Snapshot

Dow

+12.89

8763.13

NASDAQ

-0.60

1849.4

S&P 500

-2.37

940.09

Economic
News

Personal Income (Apr): Consensus: -0.2%, Prior: -0.2%, Revised From: -0.3%

Personal Spending (Apr): Consensus: -0.2%, Prior: -0.3%, Revised From: -0.2%

Construction Spending (Apr): Consensus: -0.8%, Prior: 0.3%

ISM Index (May): Consensus: 42.0, Prior: 40.1

Pending Home Sales (Apr): Consensus: NA, Prior: 3.2%

Auto Sales (May): Consensus: NA, Prior: 3.2M

Truck Sales (May): Consensus: NA, Prior: 3.8M

ADP Employment Change (May): Consensus: -543K, Prior: -491K

Factory Orders (Apr): Consensus: 0.3%, Prior: -0.9%

ISM Services (May): Consensus: 45.0, Prior: 43.7

Crude Inventories (05/29): Consensus: NA, Prior: -5.41M

Initial Claims (05/30): Consensus: 620K, Prior: 623K

Productivity-Rev. (Q1): Consensus: 1.2%, Prior: 0.8%

Unit Labor Costs (Q1): Consensus: 2.9%, Prior: 3.3%

Average Workweek (May): Consensus: 33.2, Prior: 33.2

Hourly Earnings (May): Consensus: 0.2%, Prior: 0.1%

Nonfarm Payrolls (May): Consensus: -550K, Prior: -539K

Unemployment Rate (May): Consensus: 9.2%, Prior: 8.9%

Consumer Credit (Apr): Consensus: -$6.0B, Prior: -$11.1B

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Benchmark Electronics	BHE	10
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Au Optronics Corp ADS	AUO	9
Yamana Gold Inc	AUY	9
Bio-Reference Labs Inc	BRLI	9

Consumer Borrowing Bust, Chance Of Rate Jump, Jobless Spike

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