Detailed text transcripts for TV channel - MSNBC - 20120824:09:16:00
Because the economy had picked up since then. investors dumped stocks and oil, betting on gold instead. the precious metal price shot up 2% yesterday to just under $1,675 an ounce. new data showed first-time unemployment claims ticked slightly higher, underscoring the job market. global economic woes also took a toll on stocks as china's manufacturing activity fell to a nine-month low. hewlett-packard lost more than 8% thanks to weak quarterly results and a disappointing forecast. meanwhile, big lots weighed down the s&p, tumbling nearly 21% on a sharp drop in quarterly profit. as the u....
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