Friday, June 4, 2010

Stocks Fall Below 10,000....Again

"After staying above 10,000 for days, the Dow Jones industrial average fell 323.31 points, or 3.2 percent, to close at 9,931.97.

The Labor Department’s report showed that the private sector created a mere 41,000 jobs in April, far short of expectations of 150,000 to 180,000.  And the number of long-term unemployed...remained at its highest level since...the 1940s.

Adding to the unease were concerns that the financial troubles in Europe, particularly in Greece, Portugal and Spain, might be spreading to Hungary...."
 From the NYT. 

Related Reading:
Crash Chatter
Private Sector Job Growth Ends In Charlottesville / Albemarle

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