Prices settle lower as the US reports lackluster job growth in October.
The Dow is looking at opening down more than 230 points. Gold tops $1,700 an ounce. Asian stocks slump. The European Central Bank will support Italian and Spanish bonds.
Prices close lower as Italian Prime Minister Silvio Berlusconi agrees to speed up austerity measures, easing fears about sovereign debt in the EU and igniting a late-day rally in stocks.
While economists had largely expected some weakness in second-quarter growth, the bigger concern is a slowdown in consumer spending.
Stocks dive in the morning as unemployment rises to 9.2% and job growth sputters. But late-day buying trims losses. Banks lead the market lower. Oil and copper drop, while gold rises.
The Nasdaq tops its April closing high but falters. Private employment grows, and jobless claims fall. Retailers say warm weather and discounts boosted June sales. Crude oil shoots higher.
The central bank sees depressed real estate and supply disruptions from the Japanese earthquake hampering the recovery. But inflationary pressures should ease. Jabil Circuit shares jump on decent earnings. Oil and gold rise.
The blue chips fall 97 after the government says unemployment rises to 9.1%. Only 54,000 new jobs are created. Oil and gold rise as the dollar falls. Wal-Mart will buy back up to $15 billion in shares.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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