Dow Plummets 200+ Points
Weak jobs report leads to market troubles
By Evann Gastaldo,  Newser Staff
Posted Jun 1, 2012 10:07 AM CDT
Specialist Michael Gagliano, left, work with traders at his post on the floor of the New York Stock Exchange Friday, June 1, 2012.   (AP Photo/Richard Drew)

(Newser) – The Dow's gain for the year is gone, thanks to today's terrible jobs report. The Dow fell more than 200 points following the report, according to the AP. At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for the year. The S&P 500 and the Nasdaq dropped more than 1.5% in early trading, although both were still up for the year. MSNBC adds that the VIX index, which measures investor fear, rose to hit levels last seen in December.

 

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