Wall Street slips as job data sparks volatile session
A weak employment report triggered broad swings on Wall Street with the Dow closing 2.69 points lower at 2886.40. The week saw an 8.28 point drop, while NYSE volume reached 198.18 million shares as of 4 p.m. and MBs rallied on Fed rate cut cues. Merck rose about 1 percent and Wal Mart up roughly 1 percent amid a mixed blue chip day.
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Dole Gingrich clash over tax cuts and deficits in Washington
Senate Minority Leader Bob Dole questioned the proposed tax cuts, warning they could worsen the federal deficit. He contrasted with President Bush's endorsement of Newt Gingrich's plan, which centers on capital gains relief and quick writeoffs. The exchange highlighted partisan tensions on tax policy and deficit concerns amid market and commodity notes.
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