Wall Street Roundup: Fast traders slow down. Goldman’s backroom push

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Gold: Trading now at $1,487 per ounce, down 1.9% from Wednesday. Dow Jones industrial average: Trading now at 12,626.80, down 0.8% from Wednesday.

Hits keep coming. Some troubling new data on unemployment, along with a host of other factors, have sent stock markets falling again.

Fast traders slow down. Nearly a year after the ‘flash crash,’ which was widely blamed on high-frequency traders, these traders appear to have given up some of their prominence in the market.

Goldman’s backroom push. Goldman Sachs appears to be putting on a sustained push to protect some of its risky investment units from being curtailed by the financial reform legislation.

-- Nathaniel Popper