Stocks sink following surprisingly bad jobs data
Stocks are down at opening following today's surprisingly bad December unemployment numbers.
In the first 15 minutes of trading, the Dow is down about four-tenths of 1 percent.
The broader S&P 500 is down by the same amount and the Nasdaq is down a little less.
The national unemployment rate remained unchanged at 10 percent in December, but employers cut 85,000 jobs, well more than expected, depressing stocks.
As I do each month, I'll be diving into unemployment data later today and getting at the numbers that show the truer picture of joblessness in the U.S. So check back later.
-- Frank Ahrens
Follow me on Twitter at @theticker
January 8, 2010; 9:52 AM ET
Categories: The Ticker | Tags: Dow Jones, nasdaq, s&p 500, unemployment
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