MARKET REPORT - NEW YORK

WALL Street blue-chip stocks turned lower along with bonds yesterday as investors used the latest suggestions of non-inflationary…

WALL Street blue-chip stocks turned lower along with bonds yesterday as investors used the latest suggestions of non-inflationary US economic growth as an opportunity to secure profits before next week's presidential election.

The Dow Jones industrial average surrendered an opening 28-point gain. dropping 7.45 points to close at 6,021.93 as interest rates rose in the bond market.

Stocks started the day higher after the Labour Department reported that although businesses added 210,000 workers to their payrolls in October.

This helped to keep the unemployment rate steady at 5.2 per cent, hourly wages did not increase.

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