The headline reads “Stocks plunge after US hiring dries up in August;” apparently the people who do the hiring and job creating needed to wait for the government’s report that they hadn’t created jobs or hired anyone, and then their stocks fell.
Seems like if these numbers, stock prices, are fiction to begin with, just stop releasing reports.
“Stocks are sinking after an awful report on the job market in August.
The government said early Friday that no new jobs were created last month. It was the worst jobs report in 11 months. The unemployment rate held steady at 9.1 percent. It has been above 9 percent in all but two months since May 2009.
Overseas markets followed U.S. stocks lower. They already had fallen on reports that talks about Greece’s shaky finances were breaking down.
At 11:45 a.m., the Dow Jones industrial average was down 160 points, or 1.4 percent, at 11,334. The Standard & Poor’s 500 index fell 19, or 1.6 percent, to 1,186. The Nasdaq composite index fell 37, or 1.4 percent, to 2,510.
All 30 stocks in the Dow fell.”