COLLEEN MCEDWARDS, CNN ANCHOR: And coming up, a look at your business Friday, ahead. Deborah Marchini joins us now; this is kind of a big day.</s>DEBORAH MARCHINI, CNN CORRESPONDENT: It is indeed Colleen, Carol. Wall Street, you really have to say, is obsessed with a report that's coming out at 8:30 Eastern time. We've got stock index futures not really moving all that much ahead of the crucial April jobs report. The latest indications are for a slightly lower start to technology stocks, a mix-to-flat open for the broader market. But of course, that could change dramatically when we see the actual report. April's report is expected to show a weakening labor market. While many news reports will focus on the jobless rate, investors will be most interested in the number of new jobs created, if any. Investors got something of a preview of the report with yesterday's much bigger than expected jump in new claims for jobless benefits. Those numbers will not actually be counted in the April report; the big surge came after the sample was taken. So economists say the report for May, barring any change, could be even weaker than that in April. But with the jump in unemployment claims yesterday that helped to trigger a broadly based sell-off the Dow gained back about 3/4 of a percent. It's now just 10 points above break-even for the year. But it was the techs that really got hit hard. The Nasdaq composite tumbled 3.3 percent. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
April Jobs Report Expected to Bring Dismal News