The Traderszone Network

Published in TZ Latest News 4 September, 2015 by The TZ Newswire Staff

Stocks Drop On Weak Jobs Data; Caterpillar, Alexion Back Off

Stocks took a firm step down early Friday after employers hired fewer new workers than expected in August. The Dow Jones industrial average backed down 1.5%. The S&P 500 dropped 1.3% and the Nasdaq lost 1%. Trade was narrowly mixed, a tad lower on the Nasdaq, a shade higher on the NYSE, compared with action at the same time Thursday. Early action in the stock market today revolved around a weak August payroll report from the Labor Department.

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