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FRIDAY, NOVEMBER 27, 2009
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 MARKET OPEN 
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Stocks Down on Job Data

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(Newser) – Stocks headed lower at the open today, ahead of much-anticipated testimony from Ben Bernanke, the Wall Street Journal reports. The Dow fell 40 points, while the Nasdaq and S&P fell 13 and 8 points respectively. The US lost 532,000 private sector jobs in May, according to an ADP report, a slight improvement on the 550,000 analysts expected. Credit Suisse reaffirmed its 920 target for the S&P 500, but noted that rising bond yields made stocks less attractive.

Traders gather at the post on the floor of the New York Stock Exchange that handles General Motors, Monday June 1, 2009.
Traders gather at the post on the floor of the New York Stock Exchange that handles General Motors, Monday June 1, 2009.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock Exchange Monday, June 1, 2009.
Traders work on the floor of the New York Stock Exchange Monday, June 1, 2009.   (AP Photo/Richard Drew)
A specialist talks on a phone at a post on the floor of the New York Stock Exchange Monday, June 1, 2009.
A specialist talks on a phone at a post on the floor of the New York Stock Exchange Monday, June 1, 2009.   (AP Photo/Richard Drew)
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Derni
Jun 3, 09 10:41 AM CDT
Jobs and Housing---still a problem Reply
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