Wed, Nov 25 2009
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Stocks fall as June job losses exceed estimates IEVA M. AUGSTUMS & STEPHEN BERNARDAP Business Writers Declining issues outnumbered advancers by about 11 to 1 on the New York Stock Exchange, where volume came to 107 million shares. Markets kicked off the third quarter on Wednesday with gains after getting some reassuring data on manufacturing and housing. Traders were encouraged by a report showing more stable manufacturing activity and another indicating the fourth straight monthly rise in pending home sales. Bond prices mostly rose early Thursday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.50 percent from 3.54 percent late Wednesday. The yield on the three-month T-bill rose to 0.17 percent from 0.16 percent late Wednesday. The dollar mostly rose against other major currencies, while gold prices fell. The Russell 2000 index of smaller companies fell 14.83, or 2.9 percent, to 502.63. 
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