Stocks crushed by jobs report
<span class="ev_code_RED">Disappointing read on July payrolls sends markets tumbling; record oil prices weigh too.</span>
NEW YORK (CNN/Money) - U.S. stocks tumbled early Friday, after a report showed employers added far fewer jobs to their payrolls in July than had been expected, sparking fears of a broader economic slowdown.
After 45 minutes of trading, the Nasdaq composite (down 27.13 to 1,794.50, Charts) lost 1.5 percent, and the Dow Jones industrial average (down 94.39 to 9,868.64, Charts) and the Standard & Poor's 500 (down 11.46 to 1,069.24, Charts) index lost 1 percent.
Declines were broad-based, with 28 out of 30 Dow issues tumbling.
CNN Money.com
<span class="ev_code_RED">Disappointing read on July payrolls sends markets tumbling; record oil prices weigh too.</span>
NEW YORK (CNN/Money) - U.S. stocks tumbled early Friday, after a report showed employers added far fewer jobs to their payrolls in July than had been expected, sparking fears of a broader economic slowdown.
After 45 minutes of trading, the Nasdaq composite (down 27.13 to 1,794.50, Charts) lost 1.5 percent, and the Dow Jones industrial average (down 94.39 to 9,868.64, Charts) and the Standard & Poor's 500 (down 11.46 to 1,069.24, Charts) index lost 1 percent.
Declines were broad-based, with 28 out of 30 Dow issues tumbling.
CNN Money.com
