Stocks hurt, jobs data stokes rate fears
Reuters - U.S. stocks fell on Friday after a better-than-expected jobs report stoked concerns about rising interest rates and hurt homebuilders' shares, while crude oil prices moved up, raising worries about higher energy costs.
Stock markets in negative territory; Cdn unemployment rate edges up
Canadian Press - TORONTO (CP) - Toronto's main stock index floundered Friday afternoon after Canada's higher unemployment rate disappointed investors, resulting in across-the-board losses.
Stocks Fall on Data Showing More Jobs
AP - Stocks and bonds slid Friday after the Labor Department reported surprisingly strong gains in jobs and wages. Investors feared that a more robust labor market and higher wages could spark inflation and lead to more interest rate hikes.
Alliance One of Many Under NYSE Probe
AP - Alliance Capital Management is one of approximately 20 companies under investigation by the New York Stock Exchange for failing to properly identify short-sale stock transactions, Alliance said Friday in a regulatory filing.
Strong earnings cap European shares fall
Reuters - European shares slipped on Friday after a sharp fall on Wall Street and as traders awaited U.S. jobs data although Barclays climbed on strong first-half figures.
Nikkei falls on worries about Japan postal bills
Reuters - Tokyo's Nikkei average sank 0.98 percent on Friday as growing concerns over a vote on bills to privatize Japan's postal system encouraged investors to cash in Toyota Motor Corp. and other recent gainers.
Thursday's Wall Street Glance
AP - Dow Jones Industrials
A Status Report on Wall Street Indexes
AP - Investors cast off their July euphoria for the second straight day Thursday, shaving stock prices on lukewarm retail sales that set a dour tone for the day. Rising oil prices didn't help the market, which ignored the day's biggest bright spot, a positive unemployment claims report from the Labor Department.
Two NYSE Board Members Resign
AP - Herbert M. Allison Jr. and Dennis Weatherstone have resigned from the New York Stock Exchange's board of directors, the NYSE said Thursday.
Jobs data must be ideal for stocks rally
Reuters - For stock investors this month, a fairy tale U.S. employment report would be one that's not too big, not too small, but just right.
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