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Forex News: August Jobs Data Helps Lift Stocks To Three-Week Highs – U.S. Commentary

September 4th, 2010 Posted in Market Comments

Stocks rallied to their best closing levels in three weeks ahead of the Labor Day weekend on Friday, as a softer than forecast drop in August jobs helped to alleviate some fears of a double-dip recession. Nonetheless, the day’s buying may have been held back by a worse than expected reading on service sector activity.

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