US stocks plunge after employment news

US stocks tumbled today after the Labour Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis.

US stocks plunge after employment news
Fri, 04 Jun, 2010 - 22:39

US stocks tumbled today after the Labour Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis.

Interest rates dropped as investors moved their money into the safety of Treasury bonds and notes.

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CourtsBusinessHeathrowPlace: USPlace: HungaryPerson: Daniel PenrodPerson: Richard SparksOrganisation: Labour DepartmentOrganisation: HungaryOrganisation: US governmentOrganisation: Thomson ReutersOrganisation: California Credit Union LeagueOrganisation: Schaeffer's Investment ResearchOrganisation: GreeceOrganisation: European UnionOrganisation: SpainOrganisation: PortugalOrganisation: DowOrganisation: NasdaqOrganisation: New York Stock Exchange
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