Images Of Masked Gunmen In Kosovo Unsettle A Region Scarred By Ethnic Conflict Television images of about a dozen masked men were broadcast by Kosovo’s main public television channel last Wednesday.... Read Full Article Cuba And The World Wonder: Now What? Most experts on Cuba expect that Raúl Castro, the 76-year-old younger brother of Fidel Castro, will step into his shoes.... Read Full Article World In Brief: Sanctions Eased In Row With Georgia <b>Sanctions are eased in row with Georgia </b>... Read Full Article Start-Up Aims For Database To Automate Web Searching Metaweb Technologies is setting out to create a vast public database, paving the way for a more automated Internet.... Read Full Article Hershey Earnings Decline As Mars Cuts Into U.S. Market Share Fourth-quarter profit fell 9.9 percent after sales declined for the first time in three and a half years.... Read Full Article |
Employment Report Scares The MarketIt was a fine week for the stock market, until Friday. Then a surprisingly weak jobs report sent the markets reeling and plunged the major stock averages into a deficit for the week. Wall Street expected the report to say that at least 100,000 jobs had been created in August. Instead, 4,000 jobs were lost in the month, raising questions about the strength of the overall economy and heightening expectations that the Federal Reserve would trim short-term interest rates no later than its next regularly scheduled meeting on Sept. 18. For the week, the Dow Jones industrial average lost 244.36 points, or 1.8 percent, to close at 13,113.38. The Standard & Poors 500-stock index dropped 20.44 points, or 1.4 percent, to close at 1,453.55. The Nasdaq composite index fell 30.66 points, or 1.2 percent, to close at 2,565.70. In the bond market, Treasuries rallied, pushing prices higher and yields lower. The yield on the 10-year Treasury note fell to 4.38 percent from 4.53 percent the previous week. American markets were closed Monday for Labor Day. Tag CloudExternal InformationAdditional InformationFlorida Freezes Its Fund as Governments Pull Out...Profit at Sun Microsystems Stirs Hope of Turnaround... Picking Up the Pace in Business TV... Kodak’s Digital Efforts Pay Off With Higher Revenue... Where Am I?News Main Page - Business - Employment Report Scares The Market |
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