Stocks March Downward
Maybe Wall Street stopped baking.
Early thought in today's trading day was that the poor December jobs report out this morning -- unemployment hit 7.2 percent, its highest rate since 1993 -- had already been "baked in" today's markets, meaning a huge drop was not expected.
But the Dow has continued its steady, if not precipitous, drop as the morning has moved on.
The Dow is now trading down about 143 points, or about 1.4 percent.
The S&P 500 is down about 1.6 percent and the Nasdaq is down about 2.3 percent.
President-elect Obama is set to speak shortly to firm up the details of his national security team.
January 9, 2009; 10:36 AM ET
Categories: The Ticker | Tags: Dow Jones, nasdaq, s&p 500
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Posted by: walker1 | January 9, 2009 1:38 PM | Report abuse
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