posted on August 6, 2004 12:36:25 PM new
Stocks Fall Sharply on Weak Job Figures
Updated 2:40 PM ET August 6, 2004
By ADAM GELLER
NEW YORK (AP) - Investors sold off stocks Friday, sending prices sharply lower, as the market flinched at a new report showing the economy created far fewer jobs in July than had been expected.
In afternoon trading, the Dow Jones industrial average was down 116.22, or 1.2 percent, at 9,846.81.
Broader stock indicators also fell. The Standard & Poor's 500 index was down 12.05, or 1.1 percent, at 1,068.65, and the Nasdaq composite index was down 29.79, or 1.6 percent, at 1,791.84.
Payroll figures released early Friday showed employers added just 32,000 jobs last month, data low enough to warrant worries that a slowing in the economy in June may have been more just a brief pause.
The July job report reflects the weakest increase in hiring since December and comes after a revised gain of just 78,000 in June, even less than previously reported. Economists had forecast the creation of roughly 243,000 jobs for July.
posted on August 6, 2004 04:24:17 PM new
ROFLMAO!!!! YOU ARE HOT TODAY..GOT THEM REPUGS BACKED WAY INTO THE CORNER..YOU AND REAMOND ARE SPANKING THEM GOOD!
posted on August 7, 2004 04:00:07 AM new
Yeah, the economy is turning a corner. From a paved road to a gravel road.
True Americans do not exclude anybody. They recognize that everyone should have the same rights. Bigotry, intolerance and hatred are cancers of the mind.
