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The Boston Globe

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Boston.com

Bad news about jobs spooks markets

  May 03, 2012

When jobs fall, the stock market follows. That was the message investors sent Wednesday, when they ignored a few flashes of positive news about the economy and instead homed in on troubling reports about jobs in the U.S. and Europe. The Dow Jones industrial average fell as much as 87 points before ending the day down 10.75 points, at 13,268.57. It was an about-turn from the day before, when investors chose to focus on a couple of positive reports on U.S. manufacturing and sent the Dow up 66 points to its highest close in more than four years.

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