Markets Mixed as Investors Wait for Payrolls Report (GS, GOOG)

More sour economic news continued to hurts stocks this week as investors eye tomorrow’s non-farm payrolls report as a strong indicator of where the recovery is headed. Jobless claims, although they fell, decreased less than anticipated, forecasting further doubt the non-farm payroll will have a positive impact. In corporate news, Goldman Sachs (GS) was subpoenaed for potentially illegal banking activities leading up to the financial crisis. Also, the FBI plans to investigate claims by Google (GOOG) that Gmail accounts were hacked via China.

Word on the Street

• Stocks close Thursday mixed as investors anticipate non-farm payrolls report.
• Government battle over debt ceiling looms as Moody’s (MCO) threatens to cut US credit rating if deal is not reached.
• US jobless claims fall less than anticipated, another sign the recovery is slowing.
• Local coupon supplier Groupon files for much anticipated IPO.
• Investment firm Goldman Sachs (GS) received a subpoena regarding their banking activities during the financial crisis.
• FBI investigating Gmail hacks that Google (GOOG) says came from China.
• Aerospace giant Boeing (BA) appears ready to take flight.

Interesting Tidbits

• Make a point to take full advantage of your company’s talents from high to low level employees.
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