gnutrade.satya
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There was a fall in the US stocks too due to poor jobs data. Sashe Kostadino, portfolio manager at Shaker Investments in Ohio, said: "Quite frankly, rising unemployment is bad for the entire economy. It's not positive for discretionary stocks. It's not positive for financials because there's direct correlation between the high uneployment rate and charge-offs and dlinquent payments."
The Dow Jones index tumbled 223 points to 8,280. Nasdaq sank 49 to 1,796. The broader S&P 500 fell 26, or almost 3%, to 896.
The Dow Jones index tumbled 223 points to 8,280. Nasdaq sank 49 to 1,796. The broader S&P 500 fell 26, or almost 3%, to 896.
