No Respite For U.S. Stocks As Markets Close Sharply Lower Amid Global Selloff – Update
The Dow Jones Industrial Average ended off 1,033 points, down 2.6%. The Nasdaq fell by 3.4%, and the S&P 500 by 3%. A selloff in Japan overnight first set off a drubbing in Asia and Europe, and now Stateside. New York Stock ExchangeGettty Pressure on stocks started Friday afterthe Department of Labors monthly data showed a rise in U.S. unemployment. The information sector took the biggest hits in job losses including in entertainment and media....