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In the last trading day for this week, and before the long weekend, which the U.S will celebrate its Independence Day amidst this recession, stocks sank and indices was painted in RED therefore sending the S&P 500 to its third consecutive week drop. Whereas the jobless report, which came in shockingly opposite of markets expectations, rose in the month of June to 467 thousand.
The Dow Jones Industrial Average index shed 212.82 points or 2.50% to close at 8291.24 levels, The Standard & Poor’s 500 Index lost 26.14 points or 2.83% to close at 897.19 levels, The NASDAQ Composite Index declined 49.20 points or 2.67% to close at 1796.52 levels.
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