Friday’s session closed in positive territory. Alcoa, Bank of America, and Caterpillar led the way up. When all was said and done, however, trading moves were somewhat flat in the wake of less-than-stellar employment numbers and a profit warning from Intel. The Labor Department said that 96,000 jobs were added in August, which was well shy of an expected addition of 125,000. Additionally, the unemployment rate slipped slightly to 8.1%. Meanwhile, chip titan Intel shed some points after announcing a reduction in its third-quarter outlook, noting weaker-than-expected demand. Elsewhere, crude oil futures added 89 cents to settle at $96.42 a barrel.
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