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Stocks Close Lower After Weak Jobs Report

July 6, 2012

Stocks eased off their worst levels in the final hour of trading, but still finished firmly in the red Friday on the heels of a disappointing June government jobs report. “Take this [selloff] with a grain of salt because it’s a holiday week so some of the moves are magnified,” said Brian Battle, vice president of trading at Performance Trust Capital Partners, referring to the light market volume.

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