Summary Box: Stocks end a three-day rally

AP News
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Posted: Oct 07, 2011 5:46 PM
Summary Box: Stocks end a three-day rally

MIXED JOB NEWS: U.S. employers added 103,000 jobs last month, twice as many as economists were expecting but not enough to bring the unemployment rate down from 9.1 percent. Stocks initially rose on the news but ended the day with slight losses.

EUROPE, AGAIN: Fitch Ratings downgraded the debt of Italy and Spain at midday, renewing worries about Europe's debt crisis. Banks fell more than the broader market.

END OF DOW STREAK: It was the first down day for the Dow Jones industrial average following a three-day rally that sent the index up 468 points, or 4.4 percent.