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Monday, Nov 2, 2009 @07:11am CST (New York, NY) -- Turmoil could continue in the stock markets this week. Small business lender CIT Group has declared bankruptcy, the Federal Reserve may start to pull back economic stimulus and a key report is due on the manufacturing and services sectors. In addition, the Labor Department will report national unemployment data at week's end. In that report, the national jobless rate is expected to increase by one-tenth of a percent to 9.9 percent. Stocks fell by triple digits on Friday, on worries about the continued strength of the financial sector. (Copyright 2009 by VERTEXNews/Newsroom Solutions) |