CAPITAL MARKETS

US stocks fail to fire on surprise jobs data

THE big news in Friday’s Wall Street session was a surprise drop in the US unemployment rate, though stocks didn’t respond positively to the news.

Kristie Batten

The unemployment rate was expected to rise to 8.2% from 8.1%, but actually fell 0.3%, the lowest level since January 2009. The last jobs report before next month’s federal election showed that the...

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