Tag: unemployment
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Stocks Rebound on Fed Optimism, ADP
U.S. stocks closed sharply higher Wednesday, bouncing back after a deep two-day retreat, as investors took heart from better-than-forecast October jobs data from payroll provider ADP and comments from the Federal Reserve, which noted recent improvement in the economy. The Dow Jones Industrial Average was up 178.08 points, or 1.53%, to 11,836.04. The S&P 500…
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Stocks Snap 3 Day Winning Streak
U.S. stocks settled sharply lower Wednesday, turning mild declines into a full-blown selloff as investors worry about Europe’s ability to contain its debt crisis. The Dow Jones Industrial Average lost 179.79 points, or 1.61%, to end at 11,010.90, while the S&P 500 retreated 24.32 points, or 2.07%, to 1,151.06. The Nasdaq Composite declined 55.25, or…
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Stocks Tumble at Start Following Global Markets
U.S. stocks opened sharply lower amid more signs of weak economic conditions around the globe, including disappointing jobless claims and inflation data in the U.S. The Dow Jones Industrial Average lately fell 334.64 points to 11,075.57. The Standard & Poor’s 500 Index declined 38.13 points to 1,155.76. The Nasdaq Composite Index dropped 95.76 points to…
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Stocks Soar on Jobs and Cisco
U.S. stocks Thursday clocked their fourth day of massive moves, this time rising, after a drop in jobless claims and earnings from Cisco Systems Inc. swung investor sentiment higher. The Dow Jones Industrial Average surged 423.37 points, or 3.95%, to 11,143.31. The S&P 500 ended up 51.88 points, or 4.63%, to 1,172.64. The Nasdaq Composite…
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Stocks Fell Sharply After Jobs Report
Stocks fell sharply in the early trading on Thursday after the government reported an unexpectedly sharp jump in unemployment claims. The Dow Jones industrial average lately dropped 178.46 points, or 1.47 percent, to 11,931.21. The Standard & Poor’s 500 Index lost 19.86 points, or 1.54 percent, to 1,267.28. The Nasdaq Composite Index slid 36.66 points,…