- Atheists win prayer battle against California city council
- Americans for Prosperity ad attacks N.H. Sen. Jeanne Shaheen’s Obamacare vote
- Senate races are close in Southern states, poll shows
- Texas A&M kicks off FAA-backed drone tests for business ventures
- Bad loser: ‘Call of Duty’ gamer calls in SWAT team on teen who won
- Sen. Rand Paul: Limited Washington experience isn’t always bad
- Ben Sasse scores Sen. Ted Cruz’s endorsement for Nebraska Senate primary
- Beer-flavored lollipops make debut: ‘An All-American slam-dunk’
- Gabby Giffords’ gun control push gets high-profile speaker: Bill Clinton
- Tony Blair to warn West: Take sides against radical Islam
Markets fall on jobs report
The major U.S. stock markets headed down sharply Friday morning on the news that the economy added only 88,000 jobs in March, despite the official unemployment rate ticking down 0.1 percentage point to a four-year low of 7.6 percent.
The Dow Jones average of top stocks was off more than 160 points to 14,442.84 about 40 minutes after the markets opened on Wall Street, with just one of the 30 stocks in the index in positive territory.
The broader S&P index was down 17.8 points to 1542 and the tech-heavy NASDAQ index fell 47 points to 3177.86. Both the Dow and the S&P had set all-time highs in recent weeks, but the broader market was on its way to the worst weekly performance of the year following the jobs report announcement from the Labor Department.
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About the Author
Raised in Northern Virginia, David R. Sands received an undergraduate degree from the University of Virginia and a master’s degree from the Fletcher School of Law and Diplomacy at Tufts University. He worked as a reporter for several Washington-area business publications before joining The Washington Times.
At The Times, Mr. Sands has covered numerous beats, including international trade, banking, politics ...
- SANDS: Fields set for next month's U.S. championship chess tourneys
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- Anand earns rematch against Carlsen for chess title
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