[July 08, 2011] SmarTrend Midday Market Recap -- July 8, 2011 (DJI,INX,IXIC) Tweet Jul 08, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated July 8, 2011: 12:45 PM ET --- The major U.S. equity indices are lower Friday following a disappointing government jobs report. The U.S. economy added jobs at a slower pace in June than in May, suggesting that the slowdown in the economy might be longer-lasting and more severe than previously expected. Nonfarm payrolls rose by 18,000 in June, below consensus estimates for a 125,000 gain. The nation's jobless rate rose to 9.2%, the highest since December 2010. Economists had expected the rate to remain steady at 9.1%. President Barack Obama acknowledged the employment data confirm policy makers have a "big hole" to fill stimulating job growth. The Dow Jones Industrial Average (DJI) is trading 0.91% lower at 12,604.11, the S&P500 (INX) is trading 1.13% lower at 1,337.97, and the Nasdaq Composite is trading 0.97% lower at 2,844.68. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]