Monday, November 5, 2012

Showed weakness


Stocks sank Friday afternoon as investors looked ahead to the election. The market initially pushed higher after the jobs report showed that the economy added 171,000 jobs last month. The unemployment rate ticked up to 7.9% in line with expectations. In other economic news, factory orders rose 4.8% in September. Starbucks jumped 9.4% Friday, one day after the chain operator reported strong same-store sales growth and increased its dividend. The dollar was higher against the euro.