I generally don’t put much stock in the expressions of traders on the floor of the New York Stock Exchange, but today’s bad economic news does seem to be reflected in the faces of these people.
Msnbc.com’s Roland jones reports:
A gloomy U.S. jobs report and signs of a global economic slowdown hammered Wall Street Friday, wiping out the stock market’s gains for 2012 and leaving investors wondering where to turn.
The Dow Jones industrial average sank 275 points, or 2.2 percent, chalking up its biggest one-day drop since November. The market index closed down 0.8 percent for the year and off 2.7 percent for the week.
Related stories:
- US job market all but stalls in May
- Recession storm clouds threaten global economy
- First Thoughts: Ouch for Team Obama
