Wednesday, 5 June 2013

INQUIRER.net: US stocks skid, Dow below 15,000

INQUIRER.net
Philippine News for Filipinos
US stocks skid, Dow below 15,000
Jun 5th 2013, 23:56

WASHINGTON—US stocks shed more than 1 percent Wednesday following a global rout as weaker-than-expected data on private jobs creation underscored weakness in the US economy.   The Dow Jones Industrial Average dropped 216.95 points (1.43 percent) at 14,960.59, closing below 15,000 for the first time in a month.   The broad-based S&P 500 lost 22.48 (1.38 percent) at 1,608.90, while the tech-rich Nasdaq Composite fell 43.78 (1.27 percent) to 3,401.48.   Data releases lowered hopes for the official May job creation and unemployment numbers to be released Friday.   Payroll firm ADP reported that the US private sector added 135,000 jobs in ...

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