Stocks Fall as US Hiring Slows in August
US payroll data show no jobs added in August, sparking a broad stock selloff. The Dow fell 253 points to 11,240.26, the S&P 500 slid to 1,173.97, and the Nasdaq dropped 65.71 as investors moved into Treasuries and gold amid recession fears. Major banks faced separate regulatory lawsuits tied to mortgage investments.
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Jeff Kleintop
LPL Financial
Europe
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Standard & Poor’s
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Bank of America Corp
Wall Street Journal
Bank of America
Federal Housing Finance Agency
Fannie Mae
Freddie Mac
Standard
Poor's
Russell
NYSE
Obama yields on smog rule amid GOP pressure
President Obama scrapped a proposed clean air rule aimed at cutting ground level ozone sparking GOP and business protests over job losses. Environmentalists accused him of caving, while the EPA warned of cost burdens and critics hailed the move as reducing regulatory uncertainty for the economy.
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Barack Obama
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American Lung Association
George W. Bush
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Stockyards Peoria hog prices and weights report
Hogs trading moderately active at Peoria with barrows and gilts 2.50 lower. 1-2 230-260 lb 54.50 to 50.00, 2-3 270-280 lb 53.00 to 54.50. Sows down 2.00, 1-2 300-400 lb 60.00, 400-500 lb 60.00, 500-700 lb 63.00. Boars over 300 lb 21.00, under 300 lb 35.00. Associated Press.
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Associated Press
Grain futures rise on CBOT as December contracts gain
Grain futures advanced on Friday at the Chicago Board of Trade led by December wheat at 7.7550 a bushel, December corn up 21.5 cents to 7.60, December oats 3.69, and November soybeans 14.4575 a bushel. The Associated Press reports the move.
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Chicago
Chicago Board of Trade
Associated Press
Closing Stocks New York Friday's Active NYSE Prices
NYSE listed stocks closed with varied gains and losses on Friday. Notable movers include AMD, Alcoa, Altria, Chevron, Coca Cola, Exxon, Ford, Goldman Sachs, JPMorgan, Pfizer, Petrobras, and Wells Fargo among others.
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