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Updated: 2:52 PM Jun 4, 2010
DOW closes below 10,000
Stocks have tumbled after the government said hiring remains weak. The DOW Jones industrials are down 324 points Friday at 9,931.
Posted: 2:52 PM Jun 4, 2010Reporter: Associated Press |
The Associated Press
Specialist Michael Pistillo, left, and traders work on the floor of the New York Stock Exchange Tuesday, |
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Stocks have tumbled after the government said hiring remains weak. The DOW Jones industrials are down 324 points Friday at 9,931.
The labor department says private employers added 41,000 jobs in May, down dramatically from 218,000 in April.
The Standard & Poor's 500 index is down 38 at 1,065, while the Nasdaq composite index is down 84 at 2,219.
Only about 300 of the nearly 3,000 stocks that trade on the New York stock exchange rose. Volume came to 1.6 billion shares compared with 1.2 billion Thursday.
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