U.S. stocks reverse course amid mixed economic signals

Date: Fri, 07 Dec 2007

U.S. stocks reverse course amid mixed economic signals

NEW YORK
U.S. stocks on Friday turned mixed as some investors resorted to
profit-taking after a two-day rise and others digested diverse data,
including slight payrolls growth in November and a drop in consumer
sentiment in December.

Analysts say Fed will cut despite jobs data, but it'll be close

WASHINGTON
The Federal Reserve will cut rates by a quarter-percentage point when
they meet in four days despite no clear signal of weakness from the
November jobs report, analysts said Friday.

Economic Report: U.S. labor market stronger than expected in November

WASHINGTON
The U.S. labor market was slightly stronger than expected in November,
the government said Friday, a factor that's likely to weigh on the
Federal Reserve's decision next week on whether to cut interest rates.