Posted: May 2, 2012 9:07 AM by Associated Press, MN
Updated: May 2, 2012 10:18 AM
NEW YORK (AP) - Investors are homing in on bad news about jobs in the U.S. and Europe.
Stocks are down at midday, erasing the hope generated the day before about a brisk May for the market.
The Dow Jones industrial average fell 48 points to 13,230 in midday trading Wednesday. The day before it closed at the highest point in four years.
The Standard & Poor's 500 fell seven points to 1,398. The Nasdaq composite index was down four at 3,045.
An unemployment report underscored worries about Europe's debt crisis. The 17 countries that use the euro reported that unemployment rose to 10.9 percent in March, the highest since 1999.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Watch Daybreak Web Videos in full
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties