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  • U.S. stocks finish lower but above session lows

    Kathy Cherpelis at Hot Stock Minute1 hr ago

    The European debt crisis reared its ugly head after one of Portugal’s biggest banks delayed a debt payment. European stocks plummeted, putting pressure on U.S. markets in early trading, but by the close they had recovered more than half those losses.

    The Dow (^DJI) finished 71 points lower at 16,915; the Nasdaq (^IXIC) ended 23 points lower at 4,396 and the S&P 500 (^GSPC) lost 8 points, closing at 1,965.

    Some more encouraging news on the labor front did little to help matters. The Labor Department reported that the number of people filing for jobless benefits last week fell to near a seven-year low.

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  • The Dow ends lower, under 17,000

    Dean Arrindell at Hot Stock Minute2 days ago

    Stocks closed lower today for the second session in a row as investors waited cautiously for the latest earnings session to begin. The Dow (^DJI) ended under 17,000, down 118 points at 16,906, while the Nasdaq (^IXIC) finished 60 points lower at 4,391 and the S&P 500 (^GSPC) fell 14 points to 1,964.

    Shares of Alcoa, which reported after the close, rose 11 cents, or 0.7%, to $14.85, then added another 24 cents in the first hour of after-hours trading following better-than-expected earnings.

    On the economic front, the Labor Department reported that the number of job openings rose to its highest level since June 2007. There were 4.64 million job openings in May according to the Job Openings and Labor Turnover Survey, known as JOLTS. That’s up from 4.46 million openings in April.

    NeuroMetrix ( NURO ) shares gained a whopping 23.8% to close at $2.34 after the Food and Drug Administration approved a wearable device to treat chronic pain for over-the-counter use.

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