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Response to mahatmakanejeeves (Original post)

Mon Apr 9, 2012, 09:46 AM

16. "... we'll have to wait until Monday for a reaction."

We're about to find out.

Stocks open lower in first reaction to hiring slump

By PALLAVI GOGOI, AP Business Writer 4 minutes ago

NEW YORK (AP) Stocks are opening sharply lower as Wall Street gets its first chance to react to a slowdown in hiring in the United States in March.

At the opening bell, Dow Jones industrial average is down 143 points at 12,917. The Standard & Poor's 500 is off 17 at 1,381, while the Nasdaq lost 42 points to 3,038.

The U.S. added just 120,000 jobs in March, about half the pace from December through February. That figure interrupted the strongest job growth since the Great Recession.

The government released its jobs report Friday, but the stock market was closed. The weak jobs number came out just as investors fretted that the Federal Reserve does not appear inclined to take further steps to stimulate the economy.

Copyright 2012 The Associated Press. All rights reserved.

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Arrow 17 replies Author Time Post
mahatmakanejeeves Apr 2012 OP
CAPHAVOC Apr 2012 #1
CAPHAVOC Apr 2012 #2
alcibiades_mystery Apr 2012 #8
CAPHAVOC Apr 2012 #9
alcibiades_mystery Apr 2012 #12
HughBeaumont Apr 2012 #17
Purveyor Apr 2012 #3
xchrom Apr 2012 #4
dmallind Apr 2012 #5
Beacool Apr 2012 #6
WI_DEM Apr 2012 #7
groundloop Apr 2012 #10
dennis4868 Apr 2012 #11
andym Apr 2012 #13
denem Apr 2012 #14
alp227 Apr 2012 #15
LineNew Reply "... we'll have to wait until Monday for a reaction."
mahatmakanejeeves Apr 2012 #16
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