2010/12/3

Midday: U.S. stocks end slightly lower with positive momentum of the two

U.S. stocks fell slightly on Friday midday, two days before the end of the continuous rising trend. November employment figures disappointing, but many investors expect the next few weeks the data may be increased.
EST at 11:54 on December 3 (Beijing at 00:54 on December 4), Dow Jones Industrial Average fell 31.10 points to 11,331.31 points, down 0.27%; the Nasdaq composite index fell 1.52 points to 2,577.83 points, or 0.06%; Standard & Poor's 500 index fell 4.09 points to 1,217.44 points, down 0.33%.
Cantor Fitzgerald U.S. institutional investors, chief market strategist Mark - Pardo (Marc Pado), said, "very disappointing jobs data, but I suspect the data in the next month may be increased. November sales fell it? Market may will respond to this data, but you must remain suspicious of it. "
U.S. Department of Labor announced in November nonfarm payrolls increased by only 3.9 million people, so bullish investors disappointed. Economists surveyed by Dow Jones Newswires had expected an increase of 14.4 million. November private sector employment increased by only 5 million people. Last month the unemployment rate unexpectedly rose to 9.8%, economists had expected the unemployment rate will remain at October's 9.6% level. Unemployment data from another survey carried out for the family.
Pardo talked about non-agricultural employment data in the retail industry employment fell, said, "Obviously, this data in some places not right." Pado said the retail industry reported that sales are strong, from the back to school sales period, has been extended to the holiday sales.
Non-farm payrolls in November after the publication of U.S. stocks slightly lower.

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