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Updated from 9:44 a.m. EDT
Stocks in New York were sagging Friday as the government's read on unemployment jumped for August, renewing investor concerns about a U.S. recession.
The Dow Jones Industrial Average tumbled 109 points to 11,107, and the S&P 500 gave back 11 points to 1226. The Nasdaq was down 21 points at 2238.
Before trading got under way, the Labor Department reported that the August unemployment rate reached 6.1%, its highest level since September 2003. Economists had expected the rate to hold at July's level of 5.7%. Nonfarm payrolls were down by 84,000, a bigger loss than 75,000 in July. The average workweek remained unchanged at 33.6 hours, and the average hourly wage rose 0.4% from a month ago to $18.14. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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