Jobless data squash Dow

NEW YORK -- 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 Exchange was extended until 4:15 p.m. Eastern time in order to execute customer orders affected by system irregularities, an NYSE spokeswoman said. Stocks that moved substantially or traded heavily Thursday On NYSE NRG Energy, down $1.25 at $24.80 Exelon sweetened its hostile takeover bid for the company to $8 billion in stock, citing newly identified cost savings. Rite Aid, down 19 cents at $1.35 The nation's third-largest pharmacy chain by locations said June same-store sales fell 0.6 percent, while total sales fell 2.5... [read full story]                    

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