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Jobs Report Sinks Stocks

Investors had been expected a grim jobs report but news that the economy had lost another 500,000+ jobs and that unemployment had climbed to 7.2% was too much for the market. The Dow fell 143.28 points and the Nasdaq fell 45.42 points. President-elect Barack Obama has been out trying to interest Congress in his plan to save the economy.



Tags: stock-market | unemployment | recession

Posted on 2009-01-09
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