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Stock Market USA News review today July 7, 2012:
The primary stock indices in the U.S. were pressured lower during the last full trading session and ultimately finished the day in the red across the board.
Numbers associated with the jobs data were weaker than anticipated in the U.S. and slowing economic growth fears pushed higher as the week closed.
Dow Jones Industrial Average, Nasdaq, S&P 500 index close review today July 7, 2012:
The Dow Jones Industrial Average finished the last trading session lower by .96 percent, minus 124.20 points, to close the last session at 12,772.47. The Nasdaq finished the last session lower by 1.30 percent, minus 38.79 points, to close at 2,937.33 and the S&P 500 finished the last trading session lower by .94 percent, minus 12.90 points, to close the last session of the week at 1,354.68.
Investors reviewed a mixed bag of global economic reports this week and general worries over a slowing global economy persisted. Worry over the slowing economic recovery process in the U.S. grew more intense last session due to the weaker than expected jobs data. The national unemployment rate remained at 8.2 percent overall but the Labor Department reported that the economy picked up only 80,000 jobs in June. This figure was disappointing, considering that many economists were anticipating a number of additions closer to 100,000. Almost 13 million Americans remain unemployed at this time as positions are slow to return. Analysts are once again debating the need for additional economic stimulus at this time in the U.S.
Frank Matto
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