Stocks Dip Ahead of Jobs News, Pull Back from 11K

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are closing lower as uncertainty builds
ahead of report on the labor market.
Slightly better news on claims for unemployment insurance gave
stocks an early lift Thursday, but the gains faded quickly as
traders looked ahead to Friday's jobs report from the Labor
Department.
The Dow Jones industrial average came within two points of
11,000 before turning lower for most of the day.
According to preliminary calculations, the Dow fell 19, or 0.2
percent, to close at 10,949.
The S&P 500 index fell 2, or 0.2 percent, to 1,158, while the
Nasdaq rose 3, or 0.1 percent, to 2,384.
Falling stocks narrowly outpaced rising ones on the New York
Stock Exchange, where volume came to 915 million shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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