• Wall Street skids to fifth week of losses, hope endures

    Wall Street closed out a fifth week of losses with more selling on Friday after an anemic jobs report strengthened the case that the economy was slowing, though analysts said indexes may stabilize in the near-term.6/3/2011 | Reuters

  • Cooling employment casts shadow on recovery

    The economy may be in for a long period of soft growth after employers hired the fewest number of workers in eight months in May and the unemployment rate rose to 9.1 percent.6/3/2011 | Reuters

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[BRIEFING.COM] Stocks finished in the red again today after this morning's employment report came in below what were already low expectations. The S&P 500 finished -1.0%, just off its lows, while the Nasdaq Composite finished -1.5%.

Today's losses were sparked by the morning employment data, which showed that Nonfarm payrolls for May climbed by 54,000, which is less than the 169,000 additions that had been expected, while the unemployment rate ticked up to 9.1%. Although the data ... More


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