Weak Jobs Data Leads to Mixed Day, Apple (AAPL) Reaches New High

Stocks were flat on Friday after weaker than expected job growth was reported for August. Although the unemployment rate fell from 8.3% to 8.1%, the economy added only 96,000 new jobs compared to an estimate of 125,000. On a brighter note, shares of Apple (AAPL) reached an all-time high ahead of its new iPhone launch, which is expected to happen on Wednesday. Nokia (NOK) announced that it will start selling a "make or break" smartphone in November, which pushed shares up over 6%.
General Electric (GE) also ended the day at a 52-week high.

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Published on Sep 7, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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