Stocks Slump on Jobs Data (AMZN, TGT)

Negative data on job creation as well as factory orders send major indices down today. In spite of the recent report that manufacturing had picked up, the Commerce Department announced that factory orders were actually down in March. Meanwhile, only 119,000 jobs were created in April, when economists had expected 177,000. Amazon's (AMZN) Kindle product line will no longer appear in Target (TGT) stores, since the two companies are increasingly going into competition with one another.

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Published on May 2, 2012
By InvestorGuide Staff

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