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Directionless Week for New York Financial Markets

The major averages traded lower Friday in a week of directionless activity as traders digested a weaker-than-expected employment report and crude oil prices pulled back. Utilities, financials and health care were the only sectors in the green. The September jobs report showed employment growth eased for the third straight month, and the unemployment ticked up 0.1 percent. Even though the report was slightly weaker than expected, traders are still pricing in a 64 percent chance that the...

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