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Indices closed in the red Thursday. Kraft Foods, Procter & Gamble and Hewlett-Packard led Dow decliners. Stocks rebounded from earlier low levels amid varied earnings news. Exxon Mobil jumped up 91%. The energy titan reported second-quarter profit of $7.56 billion, or $1.60 a share, up from $3.95 billion, or 81 cents, a year earlier. On another note, Automatic Data Processing reported profit of $207.9 million, or 42 cents a share. This was down from $352.8 million, or 70 cents, a year ago. Elsewhere, Labor Department figures showed that initial jobless claims decreased by 11,000 to 457,000 last week. Looking ahead, data on second-quarter GDP and consumer sentiment figures for July will be released tomorrow.
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