At 9 a.m. ET Friday, Labor Secretary Hilda Solis announced that the Bureau of Labor Statistics' survey found only 18,000 new jobs were created during June and that the nation's official unemployment rate had ticked up a tenth of a percent to 9.2%.

The Dow, Nasdaq and S&P indexes all dropped like rocks at the 9:30 a.m. opening bell, falling by more than 1% each. By the end of the day, they had recovered some ground, but the Dow and Nasdaq were still down by almost half a percent and the S&P shed 0.7%.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access