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U.S. stocks were poised to take a breather Monday, after falling last week following a string of disappointing job news.
U.S. stocks fell sharply on Friday, with the Dow and S&P posting a fifth consecutive week of declines as traders digested a disappointing May jobs report.
With no economic reports on tap for Monday, it could be a volatile session.
Companies: Investors will be monitoring Apple (AAPL, Fortune 500) CEO Steve Jobs' speech at the Worldwide Developers Conference in California. Jobs is expected to unveil a new Apple cloud computing music service and possibly a new version of the iPhone. Shares of Apple edged up slightly in premarket trading.
World markets: European stocks were mixed in morning trading. Britain's FTSE 100 rose 0.2%, the DAX in Germany dipped 0.1% and France's CAC 40 fell 0.8%.
In Asian markets, Japan's Nikkei finished 1.2% lower.
Commodities: Oil for July delivery slipped $1.03 to $99.19 a barrel.
Gold futures for June delivery edged up $1.20 to $1,542.90 an ounce.
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