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Stocks wobble as investors keep eyes on Washington

Published on NewsOK Modified: December 6, 2012 at 1:10 pm •  Published: December 6, 2012
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The report comes a day before the government releases its closely watched jobs survey. Private economists forecast that hiring in November sank from the previous month. The unemployment rate is expected to remain unchanged at 7.9 percent. Some economists say the storm could cause the Labor Department's hiring figures to be much lower.

In the market for U.S. government bonds, the yield on the 10-year note slipped to 1.56 percent. That's down from 1.59 percent late Wednesday.

Among other stocks making moves Thursday:

— H&R Block jumped 5 percent after posting revenue and earnings that beat analysts' estimates. The country's largest tax preparation company reported a smaller loss, helped by cost-cutting efforts. It typically turns in a loss in the August-to-October period because it takes in most of its revenue during the U.S. tax season. H&R Block gained 82 cents to $18.19.

— The Men's Wearhouse dropped $1.49 to $29.86 after the men's clothing company's third-quarter results missed Wall Street's estimates. The company also cut its full-year and fourth-quarter profit forecasts.

— Sirius XM Radio gained 2 percent after announcing plans to buy back up to $2 billion of its own stock and issue a special dividend of 5 cents per share. Sirius joins the ranks of companies rewarding investors with one-time dividend payments in case taxes on them rise at the end of the year. Its stock gained 5 cents to $2.82.