Dow Drops 53 on Weak Jobs Data

Dow recovers from 188-point drop
By Nick McMaster,  Newser Staff
Posted Feb 25, 2010 3:19 PM CST
Dow Drops 53 on Weak Jobs Data
Specialist James Ahrens works at his post on the floor of the New York Stock Exchange Thursday, Feb. 25, 2010.   (AP Photo/Richard Drew)

Stocks dropped sharply after the Labor Department reported an unexpected uptick in weekly jobless claims, but a recovery in commodities-related stocks helped the broader market trim its losses, Wall Street Journal reports.

  • The Dow closed down 53 points at 10,321.
  • The Nasdaq lost 2 points, settling at 2,234.
  • The S&P 500 also dropped 2 points to close at 1,103.
(More Dow Jones stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X