Uninspiring economic growth means Intel profit Warning hurts

This AP article notes that jobs data is not too impressive:

Investors were satisfied with — but not impressed by — the Labor Department’s latest reading on unemployment, which fell to 5.4 percent from 5.5 percent in July, and the 144,000 jobs created in August was close to the 150,000 Wall Street expected.

“I think this continues the pattern of decent economic growth,” said Ken Tower, chief market strategist for Schwab’s CyberTrader. “It’s not lighting a fire under anyone, nor is it suggesting the economy is on the edge of a serious contraction.

With no strong economic data, the Intel news is weighing the markets down.

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