Wall Street poised for higher start on jobs report
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Wall Street was poised for a weak start Wednesday morning as anxiety over the outcome of the government's stress tests of the leading 19 banks mounted a day ahead of the release. A leak about Bank of America (BAC
) perhaps being required raise $30-35 billion in capital didn't help sentiment, but so far reaction has been somewhat muted.
[Update: Futures turned higher after optimism about the economy from a better-than-expected jobs report offset concerns about banks.]
More here: Before the bell: Futures turn higher on jobs report