S&P futures vs fair value: +2.3. Nasdaq futures vs fair value: +1.5. :Futures trade suggests a moderately higher open for the cash market, with traders perhaps eyeing bargains left after four straight days of losses that have fostered respective 2.7%, 3.1%, and 3.2% declines in the Dow, S&P, and Nasdaq. Investors await the 8:30 release of the Sept. payrolls report - which will show Katrina's impact on the job market. Economists expect a net loss of 150K jobs, a 0.2% rise in hourly earnings, and an unemployment rate of 5.1%.
Caspermick
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