Stocks set for a higher start after better-than-expected employment report

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U.S. stocks were poised for a somewhat lower start Friday morning as investors braced themselves for a sobering July employment report from the U.S. Labor Department due out 8:30 a.m., an hour before the open. Meanwhile, investors also reacted to the expansion of the cash-for-clunkers program and to AIG's (AIG) first quarterly profit since 2007.

More here: Before the bell: Stock futures lower ahead of employment report

[Update: Stock futures did a 180 and are now trading higher after July's non-farm payroll report showed the pace of U.S. job losses slowed more than expected -- falling by 247,000 -- and the unemployment rate actually dropped for the first time since April 2008, registering a 9.4% unemployment rate, in the clearest sign yet that the worst recession since the Great Depression is easing.]
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Markets

S&P 500 2,345.96 -2.49 -0.11%
DJIA 20,656.58 -4.72 -0.02%
NASDAQ 5,817.69 -3.95 -0.07%
DAX 12,039.68 135.56 1.14%
NIKKEI 225 19,085.31 43.93 0.23%
HANG SENG 24,327.70 7.29 0.03%
USD (per EUR) 1.08 0.00 -0.06%
USD (per CHF) 0.99 0.00 0.04%
JPY (per USD) 111.12 0.12 0.11%
GBP (per USD) 1.25 0.00 -0.05%

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