Reuters: Most Read Articles: Wall Street ends lower on jobs report

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Wall Street ends lower on jobs report Jul 6th 2012, 20:06 Tweet Share this Email Print Related News U.S. stock futures edge lower, focus on jobs data 4:02am EDT Goldman secures three properties for new Japan REIT 1:08am EDT Yahoo CEO search down to Levinsohn, Hulu's Kilar Thu, Jul 5 2012 Stocks, euro slip as U.S. jobs report awaited Thu, Jul 5 2012 Wall Street rally ends, caution before jobs report Thu, Jul 5 2012 Analysis & Opinion S&P calls baloney on Wall Street's "cyclical" profit view Oklahoma's DHS agitator is exonerated Related Video Thu, Jul 5 2012 Traders John Bowers (L) and Scott Gueli work on the floor of the New York Stock Exchange, July 6, 2012. Credit: Reuters/Brendan McDermid NEW YORK | Fri Jul 6, 2012 4:06pm EDT NEW YORK (Reuters) - Stocks fell on Friday as another month of tepid jobs growth underlined fears the economy was stalling, though not to the point that would make more stimulus from the Federal Reserve imminent. Based on the latest available data, the Dow Jones industrial average .DJI was down 124.43 points, or 0.96 percent, at 12,772.24. The Standard & Poor's 500 Index .SPX was down 12.89 points, or 0.94 percent, at 1,354.69. The Nasdaq Composite Index .IXIC was down 38.79 points, or 1.30 percent, at 2,937.33. (Reporting By Caroline Valetkevitch; Editing by Kenneth Barry) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (11) Its the trade deficits. Manufacturing and jobs need spread out, not concentrated in single nations. Those that are expected to buy products have to have a part in building those products. Time for governments to step back up and take control away from world bankers who caused this disaster. Jul 06, 2012 9:52am EDT  --  Report as abuse @Kyung Governments can not step up and take control this is becoming more and more evident. Politicians are in power by the will of the Bankers(money gets people elected). Where there is a REAL shift in power is in the revolts and rebelions we are seing around the world. The REAL power is "WE THE PEOPLE". The problem is that in order make a REAL change it takes courage and sacrifice. The majority of the herd are not willing to do that. Jul 06, 2012 10:31am EDT  --  Report as abuse Wall St. won't invest in infrastructure . Wall St. won't create jobs; the wealthiest are already sitting on over $2 trillion because they don't have to pay taxes on it. Wall St. is moving jobs out of the US and has stifled wages and purchasing power. And Wall St. is disappointed in the jobs figures? Really? They are waiting for the Fed to "stimulate the economy" by dropping rates? If the Fed drops rates, the wealthiest will just stockpile more money – at nearly no cost – before demanding more because it did not work. It's time we call this what it is – blackmail. Wall St. has no intention of giving anything in return for the next surge of corporate welfare any more than they did on the last one. They hold the economy hostage again and again and again. We are stupid enough to keep paying the ransom even though we know the hostage will never be released, just kept alive enough to demand more money. Jul 06, 2012 10:50am EDT  --  Report as abuse See All Comments » Add Your Comment

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