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Article: Stocks break 4-day slide ahead of jobs report
- Article from:
- AP Online
- Article date:
- September 3, 2009
- Author:
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Investors moved back into stocks after a four-day slide on hopes that a key government report on unemployment will confirm that the economy is gaining strength.
The Dow Jones industrial average tacked on 64 points Thursday after sliding 300 points since Friday. Stocks held to a tight range for much of the day in light trading as some investors squeezed in late-summer vacations. Those remaining braced for the August jobs report, which is due before the opening bell Friday.
The biggest gains came in the final half-hour, with the Dow doubling its advance, as some traders looked to buy ahead of the jobs data. Economists expect the unemployment rate to edge up to 9.5 percent ...