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Market Wrap-up
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Market Wrap for Friday Nov 4, 2011
Stock indexes end lower though off the day's worst levels. It's the Dow's first losing week in the past six and the S&P 500's first negative week in five.
Mildly encouraging jobs data was not enough to offset ongoing European debt uncertainty.
Oil reversed early losses to end higher. December crude added 19 cents, or 0.2%, to end at $94.26 a barrel. That was oil's highest settlement since early August and one that pushed the commodity to a 1% weekly gain.
The Labor Department on Friday reported the jobless rate unexpectedly fell in October, to a six-month low of 9% from 9.1% in September. The report had payrolls rising by 80,000 last month, a bit less than expected, but gains for August and September were revised higher.
Greek Prime Minister George Papandreou's government faces a vote of confidence following his call Monday for a referendum on a bailout for Greece. The referendum has since been canceled.
Here's where major markets closed:
DJIA down 61 (-0.5%) to 11,983.24
S&P 500 down 7 (-0.6%) to 1,253
Nasdaq down 11 (-0.4%) to 2,686
GLOBAL SENTIMENT
Nikkei up 1.9%.
Hang Seng up 3.1%.
Shanghai Composite up 0.8%.
FTSE-100 down 0.1%.
DAX-30 down 2.7%.
UPSIDE MOVERS
CHK Q3 results beat Street view.
SBUX maintains evening gain seen after Q4 beat, in-line guidance.
GALE gains n NeuVax clinical results.
DOWNSIDE MOVERS
ALU warns in outlook.
COH downgraded.
AONE issues revenue warning.
BAC selling shares.
SWKS downgraded.
LNKD continues evening fall that followed earnings drop, better revenue view; selling shares.
SD downgraded.
OXGN issues mixed lung cancer trial results.
OPTR reports wider-than-expected loss.
CEDC cuts outlook
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