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Dow Falls 203 Ahead of Jobs Report

ISM report, job fears drive biggest 1-day drop since July

By Nick McMaster,  Newser Staff

Posted Oct 1, 2009 3:09 PM CDT

(Newser) – Stocks suffered broad declines today after a manufacturing report that failed to meet expectations. That report, combined with worse-than-expected weekly jobless claims, have investors worried ahead of the government's nonfarm payroll report, due tomorrow. The Dow fell 203 points to close at 9,509. The Nasdaq lost 65 points, closing at 2,057, and the S&P 500 fell 27 points to settle at 1,030, the Wall Street Journal reports.

Traders work on the floor of the New York Stock Exchange moments before the closing bell in this undated file photo.
Traders work on the floor of the New York Stock Exchange moments before the closing bell in this undated file photo.   (Getty Images)
A trader works on the floor of the New York Stock Exchange moments before the closing bell in this undated file photo.
A trader works on the floor of the New York Stock Exchange moments before the closing bell in this undated file photo.   (Getty Images)
A trader works on the floor of the New York Stock Exchange during morning trading in this undated file photo.
A trader works on the floor of the New York Stock Exchange during morning trading in this undated file photo.   (Getty Images)
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COMMENTS
Showing 3 of 8 comments
IndependentThinker
Oct 2, 2009 3:11 AM CDT
@Guava_Jelly: Very well put, except for the shock part. I understand that there are variations in thinking within each group. This is no shock to me, I am quite adept at putting myself in someone else's shoes to see the world though their eyes.
divetrader
Oct 1, 2009 11:48 AM CDT
In reality, outside of insider information to politicians, I don't expect any of them to understand the financial markets. The only time a politician understands is when you grease their wheels. Bush was so happy with the finance market that he decided to reverse rolls and grease the financial heads wheels through Paulson. Bush and Cheney just sat around all day thinking of all the ways they could screw the middle and lower class Americans. Of course, they would use the fear card to tell us we have to give all our money to Goldman Sachs and AIG. 8 Years of fear mongering. What an asshole!
Guava_Jelly
Oct 1, 2009 10:36 AM CDT
Stay classy PA

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