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Dow Rebounds as Stunning Jobs Data Distract from Manufacturing Recession

The Dow, S&P 500, and Nasdaq all rebounded on Friday, ending the week on a high note and starting off the new month with a bang. A surprisingly strong jobs report emboldened stock market bulls, as the economy beat estimates despite pressure from the GM strike. The enthusiastic response to the jobs report distracted from…

Dow Mounts Stunning Recovery to Erase Brutal 200-Point Loss – CCN.com

The Dow Jones dropped sharply after the Federal Reserve cut interest rates by 25 basis points to 1.75%, only to mount a stunning recovery in late afternoon trading. The US dollar surged, with Treasury yields hitting the Dow hard as the stock market trembled under the extraordinary situation of three FOMC members dissenting. US stocks…