April 3 (Bloomberg) -- U.S. stocks drifted between gains and losses after the unemployment rate climbed to a 25-year high of 8.5 percent, matching economists’ estimates. Oil retreated and the dollar gained.
Alcoa Inc. and Microsoft Corp. fell at least 1.6 percent as the government said employers cut 663,000 jobs last month, 3,000 more than the average estimate in a Bloomberg survey of economists. Citigroup Inc. and JPMorgan Chase & Co. slipped more than 1 percent after Goldman Sachs Group Inc. said changes to fair-value accounting rules won’t spur a rally in financials.
