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.
Crude oil tops $101, and gold and silver push higher. Netflix leads the Nasdaq. Rising costs hit shares of Polo Ralph Lauren and Costco. Whlle home prices fall, a government report says, Pittsburgh prices hold their own.
Shares drop more than 5% after hours as operating expenses jump. The Dow ends with a small gain, led by Coca-Cola, Kraft and Merck. Crude oil tops $108 a barrel. Fears of lower PC sales hit tech stocks. Supervalu shares soar.
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The idea of US crude being a shelter from turmoil abroad may not be as far fetched as it seems.
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.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
A Fidelity study found that adult kids and their folks aren't on the same page when it comes to discussing finances.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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