Dow Slips 30 on Jobs Data

Rise in materials stocks offsets jobs news
By Nick McMaster,  Newser Staff
Posted Sep 2, 2009 3:23 PM CDT
From left, Peter Tuchman, Evan Solomon, and Michael J. McDonnell work on the trading floor at the New York Stock Exchange shortly before the closing bell Tuesday, Sept. 1, 2009.   (AP Photo/David Karp)
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(Newser) – Stocks closed with modest losses today as advances in materials stocks helped offset disappointing data on jobs, the Wall Street Journal reports. The private sector shed 298,000 jobs in August, more than forecast. The materials sector of the S&P 500, however, advanced as gold futures hit a 3-month high. The Dow fell 30 points to close at 9,281. The Nasdaq lost 2 points to settle at 1,967, and the S&P 500 shed 3 points, closing at 995.