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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks head downward into mild sell-off ahead of holiday weekend

Stocks have turned negative into a mild sell-off following this morning's jobs report and ahead of the long holiday weekend.

The Dow is down .9 percent.

The S&P 500 is down .9 percent.

The tech-heavy Nasdaq is down .8 percent.

Stocks mixed at opening

10:07 a.m.: Stocks are mixed following the June jobs report this morning, which saw the headline unemployment number drop to 9.5 percent, down from 9.7 percent in May.

Truth be told, however, there is going to be so little volume trading on the markets on a Friday before a long summer holiday weekend that it's hard to draw any correlation between market moves and real-world data. The exchange floors probably will be empty by 11 a.m. today.

The Dow is up 0.09 percent.

The broader S&P 500 is up 0.12 percent.

The tech-heavy Nasdaq is down 0.06 percent.

By Frank Ahrens  |  July 2, 2010; 1:25 PM ET
Categories:  Wall Street  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: June unemployment rate drops to 9.5 percent but 125,000 jobs lost
Next: Behind the unemployment rate: Private-sector hiring still weak

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