|
Posted on 09.05.08 by Thomas L. Knapp
“Wall Street plunged today, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors’ hopes for a late-year recovery. The market was already nervous as it waited for the government to release its August employment report Friday. So news from the nation’s major retailers that shoppers curtailed their spending last month because of higher gas and food prices came as a heavy blow. … Meanwhile, the Labor Department said new applications for unemployment insurance rose by 15,000 from the previous week.” (09/04/08) Link: http://tinyurl.com/6nkrms Filed under: RRND News | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
advertisement
