Stocks slipped in midday trading Friday on news that the U.S. added fewer jobs than expected in August and wage growth was anemic.
The Labor Department reported that the U.S. economy generated 169,000 new jobs last month, below economists' estimates of 190,000, but July jobs growth was revised upward. Wages grew just 0.1%, below 0.3% forecasts.
Investors Business Daily: Stocks Down In Late Trade:: Crude oil turned lower, helping stocks pare losses midday Tuesday. 11:15 a.m. Update: Indexes Slip In Heavy Trading. By ALAN R. ELLIOTT http://www.investors.com/editorial/IBDArticles.asp?artsec=1&artnum=4&issue=20080812HOME | Argentina bonds, stocks buoyed by Fed statements | Markets | Bonds News :: BUENOS AIRES, Aug 8 (Reuters) - Argentine bonds gained 2 percent on average and stocks were also up around 2 percent in midday trading on Wednesday, as emerging http://www.reuters.com/article/bondsNews/idUSN0832829520070808HOME | The news added to evidence that the economy was already slowing before Hurricane Katrina hit.
The Nasdaq was off 3 to 2144, S&P 500 was down 1 to 1220, and the Dow slipped 3 to 10,457. Volume was at a slower pre-holiday pace, with 800,000 shares traded on the NYSE and 600,000 on the Nasdaq.
Stocks slip on high oil prices - Aug. 4, 2004:: oil prices soaring left U.S. stocks stumbling in early trade Wednesday. In global trade, Asian markets tumbled, and European markets fell at midday there. http://money.cnn.com/2004/08/04/markets/markets_nyopen/index.htmHOME | Neoware and Finisar soared more than 20% each on strong quarterly results.
JDS Uniphasewas unchanged on its results.
Intel and AMD edged higher as their antitrust dispute heated up.
Microchip slipped 1% after the company said it will meet estimates.
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