This holiday shortened twenty seventh trading week of 2012 comes to a close with investors fretting over dismal jobs data.
Hi. I'm Sayoko Murase. Welcome to the 'Weekly Market Wrap' for Friday July 6, 2012.
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq were lower for the week.
Crude oil futures are flat this week, trading around $84.64 per barrel on Friday afternoon.
Gold futures are lower this week, trading at $1579.94 an ounce in afternoon trading.
In notable economic news this week, the Labor Department announced that the economy created just 80,000 jobs in June, keeping the 8.2 percent unemployment rate steady.
In corporate news this week, FedEx (NYSE:FDX) teamed up with The International Group for Historic Aircraft Recovery (TIGHAR) in donating in-kind services for the organization's tenth expedition searching for evidence of Amelia Earhart's long-lost Lockheed Electra aircraft.
Bristol-Myers Squibb (NYSE:BMY) announced it will buy Amylin (AMLN) for about $5.3 billion in cash.
Dell (NASDAQ:DELL) announced it will acquire Quest Software (QSFT) in a deal worth $2.4 billion. Dell said the acquisition should help strengthen its IT services business.
This is the 'Weekly Market Wrap' for Friday July 6, 2012. Please join us on Monday for the 'Week Ahead Market Report."
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