Posted: 9/7/10 9:00 AM ET
The US equity markets are under pressure in early action as traders return from the holiday weekend following last week’s solid advance that came on a string of favorable global economic data, culminating with Friday’s labor report which showed better-than-expected growth in private-sector jobs. Relatively light economic and equity news may be prompting some profit-taking, and Treasuries are gaining ground after last week’s jump in yields. In equity news, Oracle Corp announced that former Dow member Hewlett-Packard Co Chairman and CEO Mark Hurd has joined that company as its President and has been named to its Board of Directors. Overseas, Asia finished mixed in a subdued session despite monetary policy announcements from the Bank of Japan and the Reserve Bank of Australia, while banking sector concerns and disappointing German factory orders data are pressuring Europe.
