Stocks: Jobs report and Intel alert worry Wall Street

[Nambe]

AP, Bloomberg, Reuters

Stocks were modestly lower Friday as investors sorted through an employment report and Intel's weak profit outlook hit technology shares hard.
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Investors were satisfied with - but not impressed by - the Labor Department's latest reading on unemployment, which fell to 5.4 percent from 5.5 percent in July. The 144,000 jobs created in August fell just short of the 150,000 Wall Street analysts had expected on average.
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"I think this continues the pattern of decent economic growth," said Ken Tower, chief market strategist for Schwab's CyberTrader. "It's not lighting a fire under anyone, nor is it suggesting the economy is on the edge of a serious contraction."

Ride Don’t Drive * * It’s Global Cool

[DBoon]

1. Interest rates are at their lowest in decades

The fact that we have slow-to-middlin' growth shows how weak the economy really is. I mean a 4.5% prime rate? Rates haven't been this low since the recession of the late 1950's

[saigon68]

2. Something big will happen soon.

Just waiting