Markets Tank: Wall Street Stocks Down More Than 2 Percent
It was another nail biter on Wall Street today as stocks fell more than 2 percent.
At press time 2 pm EST, stocks were at 10174.64 -269.73.
Investors were particularly antsy about the continuing European debt crisis and a gloomy jobs report.
The market was disappointed by a Labor Department report showing an unexpected increase in first-time unemployment claims. Meanwhile, the Conference Board said its index of leading economic indicators fell 0.1% in April, a move that could signal a slowdown in the U.S. economy's expansion.
"The market overall is in a downtrend. The trend has changed from a couple weeks ago when we finally peaked out," Todd Horwitz, a trader and chief strategist for the Adam Mesh Trading Group, told CNBC Thursday. "Volatility is increasing here in the market. There's a lot more fear versus the complacency we had back then."
Intrade.com betting exchange trading for period May 2010 appears below:
| Bid Ask | Last | Vol | Chge |
| |||||
| Dow Jones to close ON or ABOVE 9500 on 31 May 2010 | 82.0 | 86.0 | 85.0 | 287 | -7.0 | ||||
| Dow Jones to close ON or ABOVE 9750 on 31 May 2010 | 73.7 | 77.7 | 75.0 | 310 | -11.8 | ||||
| Dow Jones to close ON or ABOVE 10000 on 31 May 2010 | 58.6 | 62.1 | 63.0 | 449 | -15.0 | ||||
| Dow Jones to close ON or ABOVE 10250 on 31 May 2010 | 44.2 | 45.0 | 47.9 | 455 | -12.1 | ||||
| Dow Jones to close ON or ABOVE 10500 on 31 May 2010 | 30.3 | 33.8 | 32.0 | 378 | -17.0 | ||||
| Dow Jones to close ON or ABOVE 10750 on 31 May 2010 | 17.9 | 21.9 | 19.9 | 245 | -11.1 | ||||
| Dow Jones to close ON or ABOVE 11000 on 31 May 2010 | 9.9 | 13.0 | 14.4 | 347 | -3.6 | ||||
| Dow Jones to close ON or ABOVE 11250 on 31 May 2010 | 1.0 | 5.2 | 7.8 | 144 | 0 | ||||
