The stock market extended its slide to a fourth day Wednesday as investors worried that a weak job market for a journey of economic recovery. ADP National Employment Report has given investors reason new button on what is universally regarded as the biggest problem of the economy. The report said that employment fell from 298,000 in August following a loss of 360,000 jobs in July, revised. The losses were the smallest since September 2008, but more than analysts had expected.
The Dow Jones fell 29.93, or 0.3 percent, to 9,280.67.
The Standard & Poor’s 500 Index fell 3.29 or 0.3 percent, to 994.75.
The Nasdaq Composite Index fell 1.82, or 0.1 percent, to 1,967.07.
For the week:
The Dow Jones fell 263.53, or 2.8 percent.
The S & P fell 34.18, or 3.3 percent.
The Nasdaq down 61.70, or percent.
For the year:
The Dow Jones is at 504.28, or 5.7 percent.
The S & P is 91.50, or 10.1 per cent.
The Nasdaq is 390.04, or 24.7 percent.
Related posts:
