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Dow Tumbles 200 Points
Posted By admin On February 4, 2010 @ 1:26 pm In Money Watch | Comments Disabled
CNN Money 
Thursday, February 4, 2010
NEW YORK (CNNMoney.com) — Stocks slumped Thursday after a rise in weekly jobless claims sent an alarm ahead of the big monthly employment report.
The dollar’s surge versus the euro pummeled dollar-traded commodities, while Treasury bond prices spiked, lowering corresponding yields, in a classic flight-to-safety move.
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The Dow Jones industrial average (INDU ) lost 215 points, or 2.1%, with under 3 hours left in the session. The S&P 500 index (SPX ) fell 27 points, or 2.4%. The Nasdaq composite (COMP ) fell 50 points, or 2.3%. All three major indexes were flirting with fresh two- to three-month lows.
“The market is turning its attention to the jobs data and it doesn’t like what it’s seeing,” said Matt King, chief investment officer at Bell Investment Advisors.
Full story here. 
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URLs in this post:
 CNN Money: http://money.cnn.com/2010/02/04/markets/markets_newyork/
 Image: http://www.prisonplanet.tv
 INDU: http://money.cnn.com/quote/quote.html?symb=INDU&source=story_quote_link
 SPX: http://money.cnn.com/quote/quote.html?symb=SPX&source=story_quote_link
 COMP: http://money.cnn.com/quote/quote.html?symb=COMP&source=story_quote_link
 Dow Drops Over 200 points: http://www.prisonplanet.com/dow-drops-over-200-points.html
 Stocks Plunge on Economic Fears, Gold Hits Record High: http://www.prisonplanet.com/stocks-plunge-on-economic-fears-gold-hits-record-high.html
 Stocks sink to 3-month lows: http://www.prisonplanet.com/stocks-sink-to-3-month-lows.html
 Wall St extends losses on economic gloom: http://www.prisonplanet.com/wall-st-extends-losses-on-economic-gloom.html
 Stocks drubbed at open: http://www.prisonplanet.com/stocks-drubbed-at-open.html
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