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Byline: KEN HOOVER
U.S. stock mutual funds weathered another down month in August, although they almost clawed back to the break-even point in the last two weeks.
A jobs report Aug. 6 showing that the economy created a disappointing 32,000 new jobs in July didn't help stocks. Neither did oil spiking to an all-time high of nearly $50 a barrel, fierce combat in the Iraqi city of Najaf and uncertainty over the presidential election.
The economic indicators show the economy's growth tempering and stock investors getting a tad nervous.
The only lively entertainment for market watchers during the otherwise dull month was the hype and hoopla around Google's IPO.
The average diversified U.S. fund lost 0.63% for the month. Value did better than …