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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 10:52 PM EDT
The big picture is that the June/July jobs report was disappointing. The revisions to June were just as negative as the misses for July. The June jobs number was knocked down to -221,000 from -125,000. That downward revision of nearly 100,000 jobs was due to the government revising down 42,000 more jobs and the rest coming from the private sector. July reported job losses of 131,000, far worse than the estimate for -65,000. The census workers ... full story >>