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Stocks In Green Despite Disappointing Data
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11/6/2009 11:13 AM
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Stocks are rising Friday despite some disappointing news out of the labor sector. The latest government data showed that the economy shed 190,000 jobs last month; more than economists had expected. Also, the unemployment rate unexpectedly ran above 10%. In earnings news, troubled insurer AIG reported its second consecutive profitable quarter, helped by asset write-ups. Meanwhile, Starbucks revealed earnings and revenue that topped analysts’ expectations.
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