Jittery investors now have even more to worry about after a disappointing May jobs report slammed Wall Street on Friday, wiping out the entire gains for the stock market this year. The Dow Jones industrial average fell 275 points, or 2.2 percent. The Nasdaq and S&P 500 were also down, dropping 2.8 percent and 2.5 percent, respectively.
Analysts are heralding the Dow Jones’ jumps past 13,000 on two brief occasions Tuesday as a sign that all this talk of economic recovery may be more bull market than, well, bull. Here’s hoping they’re right.
Stocks around the world dropped sharply Thursday after the U.S. Federal Reserve acknowledged a day earlier that the economy won’t improve any time soon. (more)
The stock market is revisiting last week’s extreme volatility, with the Dow Jones average plummeting 471 points in the first two hours of trading Thursday. (more) Update: At the closing bell, the Dow was down about 419 points, 3.7 percent, to roughly 10,990.
The stock market opened with a strong start on Friday, with the major averages up more than 1 percent following a good day for world markets on Thursday.
The Dow Jones Industrial Average closed 423 points higher Thursday, one of the biggest gains of all time, as investors reacted to positive job numbers and economic reports. The gain comes in a roller coaster week that saw the Dow fall 634 points Monday, rise 429 on Tuesday and then drop 519 on Wednesday. Updated
The Dow Jones Industrial Average closed down 519 points Wednesday, a roller coaster of a day that saw ups and downs reminiscent of woeful times in the fall of 2008.
The employment market and the stock market both took major hits Thursday, with new jobless claims registering as high as 627,000 and market indicators like the Dow Jones industrial average and the Nasdaq composite index dipping alarmingly low.