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Top Stories Latin American Markets: Brazilian stocks step back from rally Stocks fall in Brazil, with caution about growth prospects holding the market back from building on its best performance in seven months.
Asia Markets: Asia stocks tumble; downgrade hits Tokyo Asia markets fall, with European concerns bruising sentiment, while a downgrade of Japan’s credit rating and disappointing trade data weigh in Tokyo.
Market Extra: Facebook’s ‘falling knife’ shares drop again Shares of Facebook Inc. fall again, shedding another 9% on its third day of trading.
Dell shares fall on disappointing results PC maker posts a 33% drop in profit, sending its shares tumbling after hours.
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May 22, 2012 10:45 PM EDT
The S & P has traded in a very narrow 10 point range for the past 3 days, consolidating ahead of this morning’s jobs report. After several days of favorable regional Fed component data on manufacturing jobs, supported by the ISM on both manufacturing and service jobs, the weekly claims report undermined the optimism. The S & P was poised to take a positive surprise and push through technical resistance at 1130. Within the recent 10 poi... full story >>