Jobless data sends stocks reeling; Dow loses 223

In this June 30, 2009 photo, an unemployed worker, left, talks with an Employment Guide staffer at a job fair in San Jose, Calif. Stock futures fell ahead of the June unemployment report set for release before the market opens Thursday, July 2. Economists are expecting an increase. (AP Photo/Paul Sakuma) In this June 30, 2009 photo, brochures and business cards are shown at a job fair in San Jose, Calif. Stock futures fell ahead of the June unemployment report set for release before the market opens Thursday, July 2. (AP Photo/Paul Sakuma) A dour report on job losses in June sent stocks sharply lower Thursday. Major stock indexes fell more than 2.6 percent after the government said the U.S. unemployment rate hit a 26-year high. The Dow Jones industrials closed at their lowest level in six weeks. Trading on the New York Stock... [read full story]                    

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