Friday, May 4, 2012

Wall Street Closes Out Worst Week Of The Year


http://www.huffingtonpost.com/2012/05/04/wall-street-closes-out-wo_n_1479138.html

Stocks plunged Friday after the government reported that hiring slowed sharply last month. The report confirmed investors' fears that the U.S. economic recovery may be faltering.

The losses in the market were widespread. The Dow Jones industrial average lost 168 points and the Nasdaq composite had its worst day since Nov. 9. Both the Nasdaq and the Standard & Poor's 500 index closed out their worst weeks of the year. The Dow had its second-worst.

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