Stocks Sag Before Federal Jobs Report

Summary


Stocks slid Thursday as investors focused on the government's upcoming employment report, shrugging off a widely expected decision by OPEC to raise its crude oil output.

Concern over Intel Corp.'s midquarter forecast put particular pressure on tech shares, although the report issued after the session was more upbeat than some market participants expected. The promise of more oil and a bullish reading of worker productivity failed to spark a rally as many investors took a cautious tack before the Labor Department report arrives today.

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Stocks Sag Before Federal Jobs Report

"Basically, we're just treading water before tomorr...

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