Friday, June 1, 2012

Dow down 230: U.S. stocks sink after disappointing jobs report

Economy adds only 69,000 jobs in May, well below expectations NEW YORK (MarketWatch) — Stocks on Wall Street fell sharply on Friday after a disappointing U.S. jobs report and downbeat data from China and Europe raised serious concerns about the health of the global economy. The blue-chip Dow Jones Industrial Average DJIA -1.83% slumped 149 points to 12,244.35. The S&P 500 Index SPX -2.00% dropped 17.73 points to 1,292.46 and the Nasdaq Composite Index COMP -2.10% declined 46 points to 2,781.


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