News Headline Summary

US EQUITY WRAP: Equities rise as the NFP report disappoints; DJIA finished down 0.10% at 14922.58, the S&P 500 flat at 1655.16 and the NASDAQ 100 up 0.11% at 3133.38

US equities held on to some of their gains following a disappointing NFP report which came in at 169K vs. Exp. 180K, with a downward revision of the previous non-farm payroll number for August from 162k to 104k, as such heightening uncertainty over the exact timing of Fed tapering of QE at the September 18th meeting. Equities pared some of their gains weighed on by the on-going tension between the US & Russia over Syria and comments from Russian President Putin who said Russia will help Syria if strikes launched and Russia is already assisting Syria with arms shipments. In individual stocks, America Tower surged over 4% after agreeing to buy Global Tower's parent Co. for USD 3.3bln. Timken shares rallied to trade at their highest level ever, after the Co. agreed to spin-off its steel unit. Verifone shares surged over 11% following a better than expected earning release.

06 Sep 2013 - 21:00 - - Source: RANsquawk

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