U.S. Stocks Continue Slump Over Rising Jobless Claims, Euro Debt
September 24, 2010 · Posted in Business finance
Windsor Genova – AHN News News Writer
New York, NY, United States (AHN) – Rising jobless claims and worsening euro debts pulled down Wall Street on Thursday erasing early gains triggered by a 7.6 percent increase in the resale of single-family homes in August.
The Dow Jones Industrial Average was down 77 points or 0.7 percent at 10,662 with 26 of 30 firms losing.
The Standard & Poor’s 500 Index shed 9 points or 0.8 percent to close at 1,125 with financial firms as worst decliners.
The Nasdaq Composite Index lost 7 points or 0.3 percent ending at 2,327.
Gold for December delivery was up $4.20 to settle at $1,296, a record high.
Oil futures for November delivery was up 47 cents to $75 a barrel.
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