market news....
U.S. Stocks Plunge as Unemployment Tops Forecast, Oil Surges
June 6 (Bloomberg) -- U.S. stocks tumbled the most in four months after the biggest jump in the unemployment rate since 1986 and a $10-a-barrel rise in oil heightened concern that the economy will sink into a recession.
The S&P 500 Index plunged 43.37, or 3.1 percent, to 1,360.68 and lost 2.8 percent in the week. The Dow Jones Industrial Average dropped 394.64, or 3.1 percent, to 12,209.81, as American International Group Inc. slid 6.8 percent. The Nasdaq Composite Index sank 75.38 to 2,474.56. Twelve stocks dropped for each that rose on the New York Stock Exchange.
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