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Lingering jobless problem takes stocks downward
CommentsMajor stock indexes fell more than 2.6 percent after the government said the U.S. unemployment rate hit a 26-year high. The Dow Jones industrials lost 223.32 to close at 8,280.74, their lowest level in six weeks.
Trading on the New York Stock Exchange was extended until 4:15 p.m. EDT in order to execute customer orders impacted by system irregularities, an NYSE spokeswoman said. As investors sold off stocks amid fresh concerns about the economy, they moved into the safety of bonds.
News Tribune news services
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