Stocks dip on unemployment spike but close higher for week
Wall Street wavered as June unemployment rose to 6.4 percent, the highest since 1994, curbing gains after two days of advances. ISM service index beat expectations, lifting mood, while traders eyed holiday weekend thin liquidity and profit taking. Major indexes ended the week higher despite the intraday dip.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Itive
Institute of Supply Management
Standard & Poor
Panera Bread
Bb&t Capital Markets
At&t
S&p
June jobless rate soars to 6.4 percent in June
The Labor Department reports the unemployment rate rose to 6.4 percent in June, the highest in over nine years, with 30,000 jobs cut in June. The drop widens in factories, while more people enter the job market seeking work amid a slow economic recovery. The administration cites tax cuts and rebates as future boosts.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Bush
Congress
Tis
America
Elaine Chag
White House
Ari Fleischer
Jon Corzine
D-N.j
Ken Mayland
ClearView Economics
Jurie
Mortgage rates rise to seven week high but still low
Rates on 30 year and 15 year fixed mortgages jumped to a seven week high for the week ending July 4. The 30 year rate rose to 5.40 percent from 5.24 percent and the 15 year rate to 4.75 percent from 4.63 percent. Freddie Mac notes rates remain historically low and support the housing market amid mixed economic signals. One year ARMs rose to 3.49 percent.
MENTIONED IN THIS ARTICLE
Washington
Freddie Mac
Federal Reserve
Wall Street
Feds
Frank Nothart
Freddie” Mac
Record high end of week yields 11,722.98 dai
Friday closing figures show a record high of 11,722.98 dai, marking a strong finish to the week. The July 3 data point records a new peak, signaling continued market momentum and investor interest.
MENTIONED IN THIS ARTICLE
Dai
Crude prices edge higher then pull back on Nigeria strike
Oil futures in New York and London rose on the Nigeria strike threat then eased after Obasanjo ordered his deputy to take over talks. August WTI settled at 30.42 a barrel, up 27 cents, with heating oil and gasoline also finishing higher. Brent finished at 28.20 a barrel, after hitting 28.76.
MENTIONED IN THIS ARTICLE
AEP NY
Appadigt
Lanstys
Lubizol
Intersnima
Criswors
Tunettnay
Nash
Lyandel
Maxtor
IntBioPh Tr
BellSouth
Konamin
MonStan
Beverly
BentPh Rish
Penney
Cisco
FerotSys
Blount
Fischia
Anicstair
Anaisx
Engex
Qustcom
Pemster
Shelby
Ecielk
AIM
Disney NY
Siuss
DuPont
SouthinCo
Lucent
Ford
Mall
VerzonCm NY
WaiMet NY
BASS
WeisFrog
Enor Pie Pratisk
New York
Aittich
Nigeria
London
Olusegun Obasanjo
New York Mercantile Exchange
International Petroleum Exchange
North Sea
Africa
America
U.S
Tom Bentz
BNP Paribas Futures
Tony Rosado
Zone Energy
Rosado
Also Mentioned on This Page
By Amy Baldwin
Associated Press
Chris Johnson
Schaeffer
Cincinnati
Dow
Stephen Carl
Williams Capital Group
Knight Trading
New York Stock Exchange
Japan
Europe
France
Britain
Germany
Div
Dow Jones Industrials
Mippes
Tne
Dow Jones Industrals
Dow Jones Transportation
Dow Jones Utilities
Nyse Composite
SAT
AMEX
Oye
Lipper
Retuny Ink Pet Din Init & Obj
Sims
Amercan
American Funds
WshMista Dbuy
Fidelity Invest
Rydex
Rysex
SP S&p
Investment Professonats, Inc
Thee Biathers Hill High School
Jennifer Bacconteli
Bayo TX
Edward Jones
Eerie
Wemelaine
Stephen V. Takach
N. Alexander
Baytown
Dilly
Edward Jones Wetorores
Cort Siri Inet Newatin Sara
the Bartown Sun
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