Friday, August 7, 2009


Investors took a pause from recent buying to digest the latest economic news, including sluggish retail sales in July. A
larger-than-expected drop in new unemployment claims also left investors wondering whether Friday’s jobs report would show
signs of improvement in the employment outlook. The Dow fell 0.27%, the Nasdaq tumbled 1.00%, and the S&P 500 retreated
0.56%. Bond prices were mixed. The yield on the benchmark 10-year Treasury note rose to 3.76%, up from 3.75% late Wednesday.
Energy futures also edged lower. A barrel of light sweet crude fell $0.03 to settle at $71.94 on the Nymex.

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