Friday, June 3, 2011

The Dow opens sharply lower after dismal jobs report on 03 June 2011


Stocks are opening sharply lower after a jarringly weak report on employment worsened concerns that the economic recovery is losing steam.The Labor Department reported that employers added only 54,000 new jobs in May, the fewest in eight months. The unemployment rate inched also up to 9.1 percent from 9 percent. Private companies hired only 83,000 new workers, the fewest in nearly a year.Other recent reports showed that higher gas and food prices have dampened consumer spending and manufacturing growth has slowed. Home prices are also still in a slump.
The Dow is down 138 points, or 1.1 percent, at 12,100 in early trading.The Standard & Poor's 500 index is down 15, or 1.2 percent, at 1,297. The Nasdaq index is down 24, or 1 percent, at 2,303.

Call NiftyNext # +91 880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

1 comment:

  1. I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.
    Regards
    "http://www.livesharetips.com/commodity-tips.html"

    ReplyDelete

Thanks for Your Valuable comments. It will make Us to Serve You in Better Way. For Any STOCKS Query ,Please Call NiftyNext +91 880 2230 836.

Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
We( WWW.NIFTYNEXT.COM) are not Registered with Any Regulatory Body in India ie SEBI,NSE,BSE,AMFI or Any Otheres.


Blog Archive