Originally Posted by IZZY!

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Originally Posted by jacko!

Despite problems in the job market, the latest snapshot of the labor markets was slightly better than economists were expecting.

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The latest snapshot of the labor markets was slightly better than economists were expecting; they were forecasting claims to fall no lower than 410,000 for last week.

A sour forecast from Sun Microsystems Inc. SUNW.O put more pressure on Wall Street before the quarterly earnings season.

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Tech stocks were hurt by a sour forecast from Sun Microsystems, which was viewed as a bad omen for the upcoming quarterly earnings season.

Oracle shares also rose on the news, up 15 cents to $13.51 on the Nasdaq.

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Oracle shares fell 27 cents, or 2 percent, to $13.09.