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Stocks Once Again Turn Lower After Seeing Initial Strength – U.S. Commentary
(RTTNews) – For the third consecutive day, stocks have shown a notable move to the downside over the course of morning trading on Friday after failing to sustain an initial upward move. The major averages have all pulled back well off their highs for the session.
The initial strength in the markets came as traders reacted to the release of a Labor Department report showing a much smaller than expected decrease in employment in the month of April.
The report showed that non-farm payroll employment fell by 539,000 jobs in April following a revised decrease of 699,000 jobs in March.…
8May2009 | INO | 0 comments | Continued
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