Thursday, September 4, 2008

Major Indices Decline On Disappointing Jobs Data & Sluggish Retail Sales

The Dow Jones Industrial Average fell 345 points (3.0%) to close at 11,188, the S&P 500 Index dropped 38 points (3.0%) to 1,237, and the Nasdaq Composite tumbled 75 points (3.2%) to 2,259. Crude oil dropped $1.46 to $107.89 per barrel, and gold fell $7.90 to finish at $800.30 per ounce.

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