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Regional & National

US stocks fall as optimism about jobs report fades

August 5th, 2011 10:01 am by DANIEL WAGNER

NEW YORK — Stocks are falling again on more fears of economic weakness in the U.S. and Europe's debt crisis.

European leaders are calling emergency meetings and seeking to contain spreading fears that a large nation such as Italy or Spain might default on its debt.

A government report that hiring improved in July sent stocks sharply higher just after the market opened. The rally lasted less than a half-hour.

A half-hour after trading stared the Dow Jones industrial average is down or 42 points, or 0.4 percent, at 11,341. The S&P 500 is down 9 points, or 0.8 percent, at 1,190. The Nasdaq composite is down 37, or 1.5 percent, at 2,520

The Dow fell 513 points on Thursday in the worst sell-off since 2008.

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