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Stocks close down as mixed jobs report keeps investors guessing

Stocks close down as mixed jobs report keeps investors guessing

It's an old adage that investors hate uncertainty. Unfortunately for them, they got more of it on Friday. The stock market has been volatile for weeks on concern that China's economy is slowing more rapidly than previously thought. But investors have also had to contend with uncertainty about the outlook for interest rates. Investors had been hoping that the government's August jobs report would give them more clarity on interest rates, before a key Federal Reserve meeting later this month. However, a mixed report left them guessing as to whether policymakers will feel confident enough about the strength of the U.S. economy to raise interest rates from historic lows. The...

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