Dow Drops To 11,188Forget about the Jimmy Choo boots or 50-yard-line seats for fall. Investors retreated on a round of glum economic news. Among the problems: weak retail sales in August, more Americans filing for unemployment. There’s concern in the markets about a global slowdown. The Dow sinks 344.65 points, or about 3%, to 11,188.23, while the Standard & Poor’s 500 stock index
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Major Indexes Surge on Surprising Jobs Data (Market Update)
Posted by admin 305 days ago (http://www.smartmoney.com)
News at a GlanceLabor Update: Unemployment hits 8.9%, job losses ease.Stocks Move: Major indexes rally for eighth week out of last nine. Stress Relief: Test results call for $75 bln more in capital.No Deal: April worst month for M&A since 2004.The LowdownA surprising jobs report brought the bulls back out, helping close the eighth week out of the last nine in poisitive territory.Stocks w
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