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The major U.S. indexes started the last session of the trading week modestly to the upside, but were not able to hold those gains very long. About a half-hour into the session, the selling picked up, as mixed economic news both here and abroad and some growing international worries (see below) unnerved investors.
The nation added 288,000 jobs in June, with non-farm payrolls strengthening much more than had been anticipated. The consensus expectation for the month had been for job growth of about 215,000.