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Stocks End Day Way Down


It was the worst day of 2012 on the U.S stock market.  A weak jobs report lead to a huge sell-off and the Dow Jones Industrial Average dropped by 275 points.  Stocks fell more than 2%, dragging the dow into negative territory for the year.  bend financial advisor Tyler Simones of Northwest Quadrant Wealth Management has more:  “It was a bad day; and it was not unexpected.  Economists had expected 165,000 jobs in May, and we only added 69,000 and the March and April numbers were revised down.  Usually you can look at  a jobs report and find some good news, but there wasn't any and that combined with Europe, people were running for the exits and stocks sold off."  The S&P 500 also closed at its lowest since early January and ended below its 200-day moving average for the first time in 2012.


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