Friday, September 2, 2011

Dow slides 253 points on recession talk

NEW YORK (AP) – Stocks tumbled Thursday after a dismal report on the job market renewed fears of another recession. The Dow Jones industrial average was off 253.31 points at the close, a decline of 2.2%, while the Nasdaq and S&P 500 slid 2.6% and 2.5%, respectively. No new jobs were created in the U.S. last month, the government said early Friday. It was the worst report in 11 months. The unemployment rate held steady at 9.1%. It has been above 9% in all but two months since May 2009.


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