The EconomyThe Labor Department said
Company NewsConglomerates, financial and transportation sectors were among the session's weakest and shares of JPMorgan Chase ( JPM, IBM ( IBM and Exxon Mobil ( XOM were putting the most pressure on the Dow. Meanwhile, Kraft Foods ( KFT, McDonald's ( MCD and Coca-Cola ( KO were the best-performing components. Late Thursday,
Commodities and the DollarCrude oil for September delivery shed $1.31, or 1.6%, to settle at $80.70 a barrel. Elsewhere in commodity markets, the December gold contract gained $6, or 0.5%, to settle at $1,205.30 an ounce. The dollar was trading lower against a basket of currencies, with the dollar index down by 0.6%.