Finance News / Summary Box: Weak jobs report sends stocks lower (AP) CRUMMY JOBS NUMBER: Stocks were sharply lower for much of the day after the Labor Department reported disappointing job numbers for July. Private employers added only 71,000 jobs, far below the level needed to reduce unemployment.DOLLAR HIT TOO: The dollar sank against the yen and euro as prospects for the U.S. economy dimmed. A LATE REPRIEVE: The Dow Jones industrial average was down as much as 160 points but ended with a loss of 21 after a late-afternoon comeback pared the day%27s losses. |
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