Friday, August 3, 2007

U.S. Stock-Index Futures Retreat After Jobs Growth Trails Forecasts

(Bloomberg) -- U.S. stock-index futures declined
after a government report showed employers added fewer jobs than
economists forecast in July and concern grew that credit-market
losses are spreading.

American Home Mortgage Investment Corp., which caters to
borrowers who can't satisfy all the terms of a prime mortgage,
plunged after telling staff it will shut down. Network Appliance
Inc. decreased after the maker of data-storage computers said
profit missed its forecast because big customers cut spending.


Read more at Bloomberg Stocks News

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