Making Thursday's headlines and sending stocks lower were reports that June saw the loss of 467,000 more jobs. This compares with 322,000 jobs lost in May and was about 100,000 more than expected, hiking up the unemployment rate to 9.5% from 9.4%.
Across the board, stocks were in the red, with Bank of America (BAC) losing 1.3% to $12.88, Apple(AAPL Quote) down 1.6% to $140.60 and Freeport-McMoRan(FCX Quote) losing 1.1% to $50.
Exelon(EXC Quote) was slipping 3.2% to $49.91 after upping its bid for NRG Energy(NRG Quote) to 54.5 cents a share from 48.5 cents initially, giving the deal a total value of about $7.4 billion.
On the other hand, Elan(ELN Quote) was surging 14.3% to $8 following the announcement of a $1 billion investment from Johnson & Johnson (JNJ). ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
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72.08
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UP
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10 Yr
3.60%
SPDR Gold
110.21
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-0.47%
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+1.61%
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