Daily Market Wrap: September 7, 2012 Friday, September 7, 3:17 PM ET
A disappointing government jobs report weighed on the markets today as investors are also watching to see if this latest report will prompt the Federal Reserve to take action.
The U.S. economy added 96,000 jobs last month, falling short of expectations for a gain of 130,000, according to the Labor Department.
Meanwhile the unemployment rate fell to 8.1 in August from 8.3 in July, but that was mostly due to those who gave up looking for work.
Canadian yogawear retailer Lululemon Athletica (NASDAQ:
LULU) reported second quarter earnings which rose nearly 50 percent and beat expectations.
The company also boosted its full-year outlook.
KR) beat earnings expectations for its second quarter and the grocery store chain also raised its outlook for the year.
Chipmaker Intel (NASDAQ:
INTC) slashed its third quarter revenue forecast, citing weak demand. The company had its price target lowered by several brokerages.
For Marketnewsvideo.com, I'm Sayoko Murase.
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Daily Market Wrap: September 7, 2012
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