|Page (1) of 1 - 06/01/12||email article||print page|
US stock futures plunge after release of dismal May employment report
NEW YORK (AP) ' U.S. stock futures are plummeting after the release of a report on the job market that was far weaker than economists expected.
Dow Jones industrial average futures, which were down 100 points before the report came out at 8:30 a.m. EDT Friday, shot down an additional 100 points within minutes.
The yield on the benchmark 10-year U.S. Treasury note plunged to 1.46 percent, the lowest on record, from 1.56 percent.
U.S. employers created 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up to 8.2 percent from 8.1 percent.