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Markets Watch Build Up to Friday’s Jobs Report
03 Apr 2012 EDT - CNBC.com
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The drum beat to Friday’s March jobs report picks up Wednesday, with the release of ADP’s private sector payrolls and the Challenger layoffs report.

Traders are looking ahead to the government employment report Friday, expected to be the fourth in a row to show 200,000 plus job growth. The ADP report, released at 8:15 a.m. ET Wednesday, is expected to show 200,000 private sector jobs were added in March.

Always a major focus, the monthly employment report is even more important this week, as investors hope it will provide clues as to whether the Fed will end or extend its “operation twist” or undertake yet another round of quantitative easing, or asset purchases. The jobs report is also being released on Good Friday, a day when the stock market will be closed, and bonds and futures trade in shortened sessions.

The Fed’s March meeting minutes disappointed investors Tuesday, when they failed to show a Fed ready to open the taps on a new easing program. Stocks sold off , with the Dow ending down 64 at 13,199. The S&P lost 5 to 1413. Treasurys, meanwhile, also sold off and rates jumped, with the 10-year yielding 2.29 by the end of the day.

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