Dow, Off 22 on Jobs, Ends Worst Week Since June

Seesaw session ends with losses
By M. Morris,  Newser Staff
Posted Oct 2, 2009 3:21 PM CDT
Damien Watson of LaBranche & Co. works on the floor of the New York Stock Exchange, Friday, Oct. 2, 2009, in New York.   (AP Photo/Henny Ray Abrams)

(Newser) – Stocks swung to losses after flirting briefly with gains late in today's session to close the worst week since mid-June. The news that unemployment grew to 9.8% in September depressed the markets, but analysts said so much disappointing data emerged this week that most traders had already unloaded shares. Also driving the late swing was bargain-hunting after the week's severe losses. The Dow fell 21.61 points to close at 9,487.67. The Nasdaq lost 9.37, closing at 2,048.11, and the S&P 500 fell 4.64 to settle at 1,025.21.

  • For the week, the Dow fell 1.9%, the Nasdaq dropped 2.1%, and the S&P 500 fell 1.8%.