Stocks tumbled Friday after the government reported a larger-than-expected drop in U.S. payrolls, stoking concerns about the wavering economic recovery.
The Dow Jones industrial average (INDU) fell 70 points, or 0.7%, about one hour into the session. The S&P 500 (SPX) index slid 9 points, or 0.8%, and the Nasdaq (COMP) composite lost 18 points, or [...]
Posts Tagged ‘private sector’
Stocks slump on dour jobs report
August 6th, 2010 by HardMoney Writer
Tags: central bank, Dow Jones Industrial, economists, economy recovery, Fannie Mae, Federal Reserve, financial market, mortgages, private sector, world econmic
more...UK industry group sees 2010 growth as sluggish
March 22nd, 2010 by HardMoney Writer
Economic recovery in Britain will be sluggish through the middle of next year as lending remains tight and both the government and the private sector look to pay off debt, the Confederation of British Industry forecast Monday.
The influential business group said the economy will remain fragile as stimulus measures including a temporary sales tax cut [...]
Tags: economic adviser, economy recovery, private sector, uk consumer, uk industry
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