Author: 123jump.com Staff
123jump.com
Last Update: 3:31 PM EST March 09 2007
Stocks turned slightly lower even after the government reported strength in employment data. The unemployment rate fell to 4.5% from 4.6% as U.S. employers added 97,000 non-farm workers in February. Oil prices dropped as traders took profits. Crude fell $1.57 to $60.07 a barrel in afternoon trading. New Century Financial Corp. plunged 18.4%. Yahoo Inc. tumbled 5.4% after a report said AT&T Inc. wants to scale back its partnership with the portal.
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