Job market report disappoints Wall Street (CNNMoney)
Higher-than-expected payroll losses for October could set markets lower after rally that pushed Dow back above 10,000. U.S. stocks were set to fall Friday after the government reported higher-than-expected payroll losses for October and an increase in unemployment. S&P 500, Nasdaq-100 and Dow Jones industrial average futures were lower, losing their lukewarm gains immediately after the payroll report.
Futures measure current index values against their perceived future performance and offer an indication of how markets may open when trading begins. The blue-chip Dow reclaimed the 10,000 mark Thursday after a batch of positive economic news sparked a rally on Wall Street. [Full Story]
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