Wall Street analysts have put forth a wide range of estimates for the September jobs data, with predictions ranging from 70,000 to 220,000 positions added last month. Despite the variance in estimates, most traders are in agreement that the employment report will likely show modest growth.
Early indications on Friday showed positive momentum in the market, with Dow futures up by 0.1%. Additionally, futures tied to the S&P 500 and Nasdaq were also on the rise, up by 0.3% and 0.4% respectively.
The recent resolution of the port workers' strike has alleviated some pressure from the markets. However, concerns persist over the ongoing tensions in the Middle East, which are contributing to the elevated level of Wall Street's fear gauge, the Cboe Volatility Index.
