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Stocks Fall Amid Jobless Claims, Europe Worries
By
Jen Chung
Published May 20, 2010
Modified May 20, 2010
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By
Jen Chung
Published May 20, 2010
Modified May 20, 2010
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The Dow and S&P 500 are down over 2% and the Nasdaq is down over 3%, thanks to worries about rising jobless claims, Europe's problems, and financial reform. A market strategist told CNNMoney, "There's a heightened sense of nervousness and markets look to be testing the lows of two weeks ago, when we had the mini-crash." Another investor said, "There are a lot of well-known negatives or obstacles to a speedy recovery, specifically in the U.S. economy and even the developed markets around the world. Earlier this year, everyone was assuming that the modest economic improvements were going to continue. It’s almost as if the market overshot itself.”
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Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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