Updated at 11:22 a.m., Friday, September 7, 2007
Weak data on jobs send Wall Street down for day
Associated Press
Wall Street fell sharply after the government said payrolls in August dropped for the first time in four years rather than rising as expected. That caused further concern among investors that the U.S. economy might be heading toward a recession. The report was highly anticipated by economists to provide a snapshot of how well the economy was holding up under the weight of a faltering housing market, a rise in mortgage defaults and tightening availability of credit.
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