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Dow Drops 129 Points Because Bad News Really Is Bad News

Ben Levisohn

10:23 a.m. The November jobs report disappointed but whether that’s good news or bad news for the Dow Jones Industrial Average and other stock indexes remains to be seen. The U.S. created just 155,000 jobs in November, well below expectations for 190,000, and it sure looked like bad news would be good news, earlier today, as the Dow erased a 100-point overnight loss to gain nearly 100 points in early trading. The S&P 500 has fallen 0.5% to 2681.37, while the Dow Jones Industrial Average has declined 129.22 points, or 0.5%, to 24,818.45.