Stock investors look to Friday's unemployment data

Date: Wednesday, June 3, 2009

Stock investors look to Friday's unemployment data

Stock investors on Wednesday paused from a streak of gains to consider
the impact of Friday's jobs report, and whether a decline in the
magnitude of bad news would be enough to sustain Wall Street's recent
momentum.

BERNANKE SEES GRADUAL RECOVERY, LOW INFLATION

Federal Reserve Board Chairman Ben Bernanke tells Congress that a
gradual recovery remains on track for this year, and inflation would
remain low given the slow pace of recovery.

CITI CUTS ITS STANCE ON RUSSIAN EQUITIES

Citigroup cut its stance on the Russian equity market to underweight from
overweight, saying its massive rally over the past three months means
valuations are no longer cheap.

INDEX SIGNALS RETURN TO GROWTH FOR U.K. SERVICES

Purchasing managers in Britain's services sector
reported the first rise in activity in 13 months in May, according to a
closely-watched index released Wednesday. See full story.

INDEX SIGNALS RETURN TO GROWTH FOR U.K. SERVICES

Purchasing managers in Britain's services sector
reported the first rise in activity in 13 months in May, according to a
closely-watched index released Wednesday.