Sticking With the Plan
A weaker-than-expected April employment report fueled more selling in the major averages early Friday -- not surprising since price and volume action in the indices leading up to the data was suspect at best.
Lackluster job growth shouldn't come as a big surprise, especially after the first estimate to first-quarter gross domestic product came in light at 2.2%. With the economy growing at a snail's pace and the housing market still facing headwinds, consistent monthly job growth of 200,000-plus is unrealistic to expect....527 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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