Dominion Lending Centres Clearlease Reports Traders reluctant to make any significant moves ahead of Friday’s monthly employment report

Dominion Lending Centres Clearlease Reports Traders reluctant to make any significant moves ahead of Friday's monthly employment report

VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports with traders reluctant to make any significant moves ahead of Friday’s monthly employment report, stocks are turning in a lackluster performance in early trading on Thursday after falling sharply in the previous session.

The major averages are currently mixed, with the tech-heavy Nasdaq posting a modest gain. While the Nasdaq is up 6.79 points or 0.3 percent at 2,775.98, the Dow is down 17.90 points or 0.2 percent at 12,272.24 and the S&P 500 is down 0.78 points or 0.1 percent at 1,313.77.

The choppy trading on Wall Street comes as traders have shrugged off a Labor Department report showing a modest decrease in initial jobless claims, as claims remain at an elevated level. The data has added to the uneasiness ahead of the more closely watched monthly report.

The report showed that initial jobless claims fell to 422,000 from the previous week’s revised figure of 428,000. Economists had been expecting jobless claims to edge down to 420,000 from the 424,000 originally reported for the previous week.

A separate Labor Department said that labor productivity in the first quarter was upwardly revised to show an increase of 1.8 percent compared to the 1.6 percent increase that had been reported. Economists had expected the increase in productivity to be upwardly revised to 1.7 percent.

Most of the major sectors are showing only modest moves in early trading, although notable strength has emerged among oil service. The Philadelphia Oil Service Index is up by 1.3 percent amid a modest increase by the price of crude oil.

Transportation, networking, and biotechnology stocks have also moved to the upside, although buying interest remains subdued. On the other hand, retail and tobacco stocks have come under pressure.

Among individual stocks, shares of Joy Global (JOYG) seeing early strength after the mining equipment maker reported second quarter earnings that rose to $1.52 per share, exceeding analyst estimates for earnings of $1.35 per share.

Joy Global also reported better than expected revenues for the quarter and raised its full year earnings and revenue guidance.

Meanwhile, Copart (CPRT) is posting a notable loss after reporting first quarter earnings of $0.71 per share, higher than $0.52 per share last year. The company also said its revenues rose 7.4 percent to $236.8 million. Analysts had expected earnings of $0.70 per share on revenues of $241.56 million.

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About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/ is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Twitter: @clearlease


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