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SUNDAY, NOVEMBER 22, 2009
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 MARKETS 
5

Dow Falls 34 Ahead of Jobs Data

Dow still on track for best quarter in 10 years

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(Newser) – Stocks fell today as traders lost some of yesterday’s confidence ahead of looming job reports. ADP will release its September survey tomorrow, with weekly data due Thursday and the government’s nonfarm payrolls report coming Friday. The Conference Board’s consumer confidence index, which analysts had been expecting to rise,  fell in September. The Dow dropped 47.16 points to 9,742.20. The Nasdaq lost 6.70, settling at 2,124.04, and the S&P 500 dropped 2.37 to close at 1,060.61, the Wall Street Journal reports.

Despite the day's drop, the Dow is still on track for a 16% quarterly gain, the best since 2008.

The trading floor of the New York Stock Exchange is seen. In this undated file photo.
The trading floor of the New York Stock Exchange is seen. In this undated file photo.   (AP Photo/Richard Drew, file)
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5 comments
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divetrader
Sep 29, 09 3:28 PM CDT
Does this really matter? The jobs numbers are always skewed in favor of a better outlook. If people fall off the grid they are not counted. The number of people looking for jobs outweighs the number of jobs available by 6 to 1. Can it be more gloomy? Reply
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+2
Jayster999
Sep 29, 09 5:13 PM CDT
How to we get Obama to stand up and demand the return of jobs to America? The corporations that sent our jobs overseas need to be put on notice that either they return our jobs or suffer punitive tariffs to pay the costs for the unemployed. This recession is not going to improve until people are employed and begin spending again. We can no longer afford to give our blue collar jobs away. Reply
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+1
IN RESPONSE:
Robert_Dada
Sep 29, 09 7:35 PM CDT
So you too were against the republican sponsored tax incentives to offshore jobs too?
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IN RESPONSE:
Jayster999
Sep 29, 09 7:56 PM CDT
Duh. Off-shoring American jobs was pretty damned stupid, don't you think? There are plenty of republicans who disagree with it. Oh, and there are democrat politicians who are sellouts to corporate interests. Your boy Clinton, AKA Mr. NAFTA and his cur Al "Cap N Trade scammer Gore" rank near the top.
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+2
Antiks
Sep 30, 09 3:28 AM CDT
The worse Wall St. does, the happier I am. I really hope they suffer along with the rest of us. The cheap easy credit phantom economy is gone, and people are hurting. When people start hurting, they'll start hollering and paying attention. Reply
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