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U.S. Stocks – Wall St. skids lower on jobs gloom

July 6, 2012
Reuters

U.S. stocks fell sharply on Friday after dismal jobs data heightened the impression the economy is stuck in a rut of slow growth. "You can imagine the employment number isn't very helpful today," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "Sub-100,000 is a very bad headline job growth number and the unemployment rate of 8.2, unchanged, isn't very great. All those things conspire to give us very little confidence in recovery."

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