Thursday, May 05, 2011

Stocks tumble on job report worries

CNN Money reports:
A sell-off on Wall Street accelerated late Thursday as oil prices plunged and investors braced for the government's monthly jobs report.

The Dow Jones industrial average (INDU) fell 140 points, or 1.1%, to 12,584. The S&P 500 (SPX) lost 12 points, or 0.9%, to 1,335. The Nasdaq (COMP) sank 13 points, or 0.5%, to 2,814.