Friday, March 7, 2008

FSLR 196.82 -11.95 -5.72%
RTP 445.50 -14.80 -3.22%

Dow falls below 12,000 after jobs report

Jobs report shows surprise plunge

Oil hits new record on weak dollar

Economic worries lead market lower after jobs data

Economy hit by biggest job loss in five years

Payrolls fall again, raising recession fears

U.S. employers unexpectedly cut jobs in February at the steepest rate in nearly five years, a second straight month of employment losses that heightened fears the world's largest economy has skidded into recession.

3/7/2008 2:14 PM

Wall St hits session lows as financials drop

Fed boosts auction size in surprise action

The Federal Reserve on Friday announced emergency measures to add $200 billion into the banking system in a bid to ease persistent liquidity strains that are leading to a global credit freeze.

Analysts said the Fed's moves on Friday make it less likely the central bank will cut benchmark rates before its scheduled March 18 meeting.

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