9.5% unemployment and a loss of another 131,000 jobs in the economy didn't do it for the bulls this Friday. Another loss of monthly consumer credit in June only echoed the weak July same-store sales data, although the drop in consumer credit was -$1.3 billion rather than a drop of over $5 billion expected. Goldman Sachs also lowered economic growth targets ahead. Still a late-day round of share buying and likely short-covering brought on some interest from investors after the DJIA had traded lower by triple-digits earlier in the trading day. Here were the unofficial closing bell levels:
Dow Jones 10,653.64 -21.34 (-0.20%)
S&P 500 1,121.62 -4.19 (-0.37%)
Nasdaq 2,288.43 -4.63 (-0.20%)
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Closing Bell: A Economic Day That Wasn't So Bad (NANO, BP, AIG, CROX, APEI, SD, KLIC) originally appeared on BloggingStocks on Fri, 06 Aug 2010 16:00:00 EST. Please see our terms for use of feeds.
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