The Market: What the Pros Are Saying

A roundup of what market strategists and Fed officials had to say on Thursday, Sept. 4

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 (, 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.