U.S. stocks fall after jobs report, GM loss

Date: Fri, 01 Aug 2008 12:03:06 -0400
U.S. stocks fall after jobs report, GM loss

U.S. stocks fall as crude oil prices rally past $127 a barrel, fueling
economic worries just after a report showed the unemployment rate ticked
higher in July and General Motors Corp. posted a huge quarterly loss.

Futures Movers: Oil rallies above $128 on Iran nuclear fears

Crude-oil futures rallied to trade above $128 a barrel on concern that
Iran's nuclear program may be more advanced that previously thought.

Economic Report: U.S. jobless rate jumps to four-year-high of 5.7%

Nonfarm payrolls drop for a seventh straight month in July while the
unemployment rate jumps to 5.7%, a four-year high, according to Labor
Department data.

NYSE Euronext shares dive after company misses analyst forecasts

Operator of the New York Stock Exchange and Euronext stock markets sees
shares tumble after lower-than-expected profit report.

General Motors swings to a massive second-quarter loss

General Motors reports another massive loss as customers' shift away
from its profitable truck and SUV lines gathered momentum during the
second quarter. Shares of the Dow Jones Industrial Average component
sell off initially, then stage a partial recovery.