Government recession policy mixed despite job losses
Washington analyzes show antirecession tools often arrive after downturns. The March jobs drop of 80 000 intensifies debate on timing and effectiveness of stimulus, tax rebates, and Fed rate cuts, amid ongoing efforts to stave off recession while awaiting official GDP signals.
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Stocks post weekly gains as markets hold despite job losses
U S stocks finished mixed but higher for the week after a volatile session. The Dow fell 16.61 to 12609.42, a weekly gain of 3.2 percent, with 17 of 30 components lower led by Delphi and GM. The S&P 500 rose 1.09 to 1370.40, a 4.2 percent weekly increase, while the Nasdaq Composite gained 7.68 to 2370.98, up 4.9 percent from last Friday.
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