Dow Drops Below 10,000 Amid Job Market Worries

The Dow fell below 10,000 for the first time today since November amid worries about the US job market. The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly again last week. The rise is the fourth in the last five weeks.
CNBC reported:

The Dow fell below 10,000 Thursday for the first time since last November amid worries about the US job market and Europe’s ability to get a grip on its debt.

In the final, hair-raising minute of trading, the Dow Jones Industrial Average fell below that 10,000 mark, before popping back up a few points to end at 10,002.18.

When the dust settled, the Dow lost 2.6 percent, led by Bank of America, Merck and JPMorgan. Just one of the 30 Dow components was higher — Cisco.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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