X

Stocks Dive on Jobs Report

By Kevin Spak,  Newser Staff
Posted Apr 1, 2009 8:42 AM CDT
Stocks Dive on Jobs Report
Traders work on the floor of the New York Stock Exchange, Tuesday, March 31, 2009 in New York.   (AP Photo/Mary Altaffer)

(Newser) – A worse-than-expected jobs report sent stocks tumbling at the open today. The Dow careened down 125 points, while the S&P and Nasdaq sunk 1.8% and 1.9%, respectively. The private sector lost 742,000 jobs in March, according to a new ADP report. Investors were also nervous about reports that President Obama viewed bankruptcy as the best option for GM. (Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X