Stocks drop as job data increases recession talk
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Stocks slid on Friday, driving each of the major indexes more than 1 percent lower, as the government reported the first monthly drop in payrolls in four years, stoking market concerns about a recession.
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U.S. shares slipped on Thursday as investors showed some caution about Friday's jobs report and the economy's prospects and seized the opportunity to take profits.
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U.S. stocks slipped on Friday, snapping the Dow's three-day run to record highs, as employment data renewed worries about slower economic growth, while shares of automaker General Motors Corp.  sank on fears a major shareholder may begin selling his stake.
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Employers cut jobs for the first time in four years last month, the government reported yesterday, driving stock prices down in the United States and Europe and raising fears the slowdown in the housing and credit markets brought on by the crisis in subprime mortgages is spreading across the economy.
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Stocks were set to drop at the open on Friday as weaker-than-expected government data on job growth last month fed recession fears.
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Stock index futures fell sharply on Friday, reversing gains and pointing to a lower market opening, after weaker-than-expected government data on job growth for last month fueled recession fears.
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Stocks slipped on Monday, reversing an  early rally, after disappointing U.S. employment data rekindled  investor worries about weak economic growth and lackluster  corporate profits.
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Stocks fell on Friday, pressured by  declines in the drug and semiconductor sectors and  by  slower-than-expected U.S. jobs growth in September.
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Stock indexes tumbled more than 1.7 percent on Friday after the government announced the first monthly drop in payrolls in four years, fanning fears of a recession.
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Stocks fell on Thursday, weighed down  by climbing oil prices and a government report showing an  unexpected rise in weekly jobless claims.
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U.S. stocks opened lower on Thursday  after a report showed a larger-than-expected rise in claims for  unemployment benefits, a gauge of strength in the jobs market.
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U.S. stocks fell on Thursday as investors locked in profits ahead of jobs data on Friday that could show further weakening in the economy and possibly send equity markets lower.
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US stocks fell this week after a government report showing slower job growth, coupled with an unexpected drop in an index of service industries and record oil prices, fueled concern that economic expansion will stall.
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Stocks fell on the first trading day of the year on Wednesday after U.S. manufacturing data showed signs of contraction and oil hit $100 a barrel, raising the possibility of a recession in 2008.
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Stocks fell further on Tuesday, sending the S&P 500 down more than 1 percent, as a downgrade of investment banks and renewed credit concerns drove a slide in shares of financial companies, while data painted a worrying picture about the economy.
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NEW YORK - Deepening investor pessimism over the health of the economy sent stocks lower Friday as investors registered their disappointment over the government's latest jobs report. The major indexes were poised to end the week lower as well...
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Stocks fell in early trading after the governmentâs employment report showed weaker-than-expected job growth and a rise in the unemployment rate.