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%.
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