Tuesday, March 11, 2008

Stocks Tumble Following Jobs Report

Stocks tumbled for a second consecutive session Friday after the government's February jobs report revealed employers slashed payrolls last month. The Dow Jones industrial average fell 146 points bringing its two day slide to 370 and closing at 11,893.69. This week's declines in the three major stock indexes to their lowest settlements since 2006 came despite the Federal Reserve's announcement that it would take steps to aid the credit markets. You can make a lot of money fast in the stock market and you can lose it twice as fast many times. Once it goes down, then up, you never seem to regain what you lost the first time.

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