Stocks Sink on Jobs Data; Tech Plummets
Posted January 4th, 2008 by California Home Loan
NEW YORK -- Wall Street fell sharply Friday after the government's much-anticipated employment report showed weaker-than-expected job growth and a rise in the unemployment rate. The Nasdaq composite index, also pummeled by a downgrade of Intel Corp., skidded more than 3.5 percent, while the Dow Jones industrials fell more than 1.5 percent.