Thursday, May 20, 2010

Economic News



Stocks Slide Again

New York--The stock market continued to slide this morning after disappointing employment numbers affected investors' cynical view of the world economy.

The Dow fell 200 points this morning while interest rates fell in the Treasury market. The euro fell to a four-year low; that could affect european consumer confidence. The Labor Department says unemployment benefits rose by 25,000 to 471,000, the biggest leap in three months.

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