Stocks Move Lower on Employment Report
Stocks Move Lower on Employment ReportAssociated Press
Stocks Move Lower on Employment Report
Friday September 3, 1:09 pm ET
By Michael J. Martinez, AP Business Writer
Stocks Shift Lower As Investors Sort Through Uninspiring Employment Report, Weak Intel Outlook
NEW YORK (AP) -- Stocks were modestly lower Friday as investors sorted through an uninspiring employment report and Intel Corp.'s weak profit outlook hit technology shares hard.
Investors were satisfied with -- but not impressed by -- the Labor Department's latest reading on unemployment, which fell to 5.4 percent from 5.5 percent in July, and the 144,000 jobs created in August was close to the 150,000 Wall Street had expected.
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