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Midday Report: Gap Spikes on Old Navy Strength; U.S. Stocks Fall After Jobs Miss

Stocks hold lower after the September jobs report shows fewer jobs added to the U.S. economy than expected.

Stocks held lower after the September jobs report showed fewer jobs added to the U.S. economy than expected. The disappointment raised questions over how soon the Fed could raise rates. Deutsche Bank  (DB) - Get Deutsche Bank AG Report is reportedly considering a roughly 5 billion euros capital raise as it weathers liquidity worries. That amount is the largest it can offer without requiring approval from shareholders.
Gap (GPS) - Get Gap, Inc. Report spiked despite a decline in same-store sales last month. A fire at its New York distribution center snagged sales at Gap and Banana Republic locations, though strength at Old Navy alleviated some concerns. Ruby Tuesday (RT) slumped after reporting a steeper loss than expected in its recent quarter. The restaurant chain saw sales decline just over 8% as traffic fell and a number of locations were closed.

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