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U.S. stocks end week mixed
Middle East News.Net
Thursday 3rd July, 2008
Traders knocked off early Thursday ahead of the July 4 weekend.
The Labor Department announced 62,000 non-farm jobs were lost last month, taking the number of jobs lost this year to 438,000.
The unemployment rate, which was expected to improve from 5.50% to 5.40%, remained steady at 5.50%.
The main indices limped to a mixed close with the Dow Jones industrial average climbing 73.03 points, or 0.65% percent, to 11,288.54.
The Nasdaq Composite Index slipped 6.08 points, or 0.27%, to 2,245.38, while the Standard & Poor's 500 Index edged up 1.38 points, or 0.11%, to 1,262.90.
U.S. oil settled up $1.72 at $145.29 a barrel, after hitting an earlier all-time intraday high of $145.85. London Brent settled at $146.08, a rise of $1.82, after reaching an earlier intraday record high of $146.69 a barrel.
Surprisingly, the U.S. dollar finished the shortened New York session Thursday on a positive note. The euro fell to 1.5699, and the British pound to 1.9827.
The Swiss franc weakened to 1.0261, and the Australian dollar to .9598. The yen fell to 106.71, and the Canadian dollar to 1.0186.
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