The Market: What the Pros Are Saying
Beset by worries about a softening labor market—as evidenced by a larger than expected jump in weekly jobless claims—and general jitters about the health of the U.S. economy and financial system, the stock market took a pounding (BusinessWeek.com, 9/4/08) on Sept. 4, with the Dow Jones industrial average tumbling more than 300 points. The bond market rallied as investors sought the relative safety of U.S. Treasuries.
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