Poor jobs data spooks markets as investors weigh recovery
Weak June job creation 112000 new positions, far short of 250000 forecast, drags the Dow to 10282.83 and S&P 1125.38 while Nasdaq slips to 2006.66. The week shows broad declines as investors worry about growth and Fed policy, with wages muted and manufacturing jobs falling.
MENTIONED IN THIS ARTICLE
New York
Labor Department
Scott Brown
Raymond James
Federal Reserve
Dow Jones
Wall Street
May
Fed
Hiring slows in June as 112000 jobs added
The economy created 112000 jobs in June slowing from prior months and keeping unemployment at 5.6 percent. The report sparked market gloom, revisions lowered prior gains, and fed debate ahead of the Kerry-Bush race as manufacturing payrolls fell and factory orders dropped.
MENTIONED IN THIS ARTICLE
Washington
Jyne
Labor Department
Bush
White House
John Kerry
Wall Street
Joel Naroff
Naroff Economic Advisors
Holland
Bill Cheney
MFE Global Investment Management
Commerce Department
Department
Crude futures slide in light pre-holiday trading
New York traders booked profits after a two day rally as Nymex crude for August delivery settled down 35 cents at 38.39 a barrel. Brent for August fell 15 cents to 35.92. Volume was light with markets cautious ahead of the July Fourth weekend.
MENTIONED IN THIS ARTICLE
Fed
Russ Koesterich
U.S. Equity
State Street Corp
Commerce Department
Semiconductor Industry Association
Intel Corp
Advanced Micro Devices Inc
NEW York
New York Mercantile Exchange
Nymex
London
International Petroleum Exchange
Fimat Futures Inc
Mike Fitzpatrick
OPEC
Moscow
OAO Yukos
Jim Ritterbusch
Ritterbusch
Also Mentioned on This Page
Michael J. Martinez
The
Associated Press
Russ Moesterich
U.S
Airey
Dally High
ATST
Lyonder
Ns Ae NY
Microsoft Nash
Guizine
Dellab
LucifeFr
al Nw
Lancer
Westaff
Wit -al SinopeBel
MedTech
Ene Amex
Bat
Brasistete
Mlnikos
FogCutter
Oracle - Nash Ms
Bag
Halifax
Allied Mot
ATE Penney NY
NASA
Oragenica
Dow Industrals
Dow Transportation
Schimb- NY
Dow
Ford
Wilshire
Intel
Cisco
Oracle
Sunhfido
Goodrich AY
LionsGe
Unilevn
Ussiel Uy
American Funds
CAA P
Veritas A
Feyeta
Janus
Rydex Investi
Nova
aTes
Rydex
Aisi
Associ Prise
Ian Val Toe
Rie
Jennifer Marconitell
Rolfinigbrock
Lir
Raytown
Edward Jones
Stephen V. Takach
N. Alexander
Baytown
Community Resource
Cran. Org
Baytown Sun
Cal