(Source:Nasdaq)three consecutive days of profit-taking within the market’s biggest winners sent Wall Street lower again on Friday, prompting some skeptics to assert that the anticipated long-overdue selloff has finally arrived. But those who are are in the bulls’ camp were encouraged by the late reversal that lifted all three major averages off session lows
.While there’s still a perceived disconnect between Wall Street and Main Street, there continues to be positive signs of an economic recovery evidenced by better-then-expected August jobs report. The U.S. economy regained 1.4 million jobs in August, according to data from the Labor Department. This is better than the 1.2 million jobs economists were expecting. As it stands, the unemployment rate is now at 8.4%, down from 10.2%. But it wasn’t all great news.
){kind=link}