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Dow Ticks Up Despite Job Woes

522K lost last month, fewer than analysts predicted
By Kevin Spak,  Newser Staff
Posted Feb 4, 2009 9:13 AM CST
Dow Ticks Up Despite Job Woes
Traders work on the floor of the New York Stock Exchange.   (AP Photo)

(Newser) – Stocks were mixed at today’s open after a report estimating that 522,000 private-sector jobs were lost last month, the Wall Street Journal notes. The Dow started down but was recently up 41 points, while the S&P 500 and Nasdaq were marginally higher. Dragging on the Dow were ugly earnings reports from Walt Disney and Kraft Foods, off 6.6% and 9.1%, respectively (Read more stock market stories.)

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