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US STOCKS SNAPSHOT-Wall St drops on bleak employment data

Fri Nov 6, 2009 9:38am EST

NEW YORK, Nov 6 (Reuters) - U.S. stocks fell at the open on Friday after U.S. unemployment reached a more than 26-year high and topped the psychologically important 10 percent level.

Stocks  |  Global Markets  |  Financials

The Dow Jones industrial average .DJI was down 58.65 points, or 0.59 percent, at 9,947.31. The Standard & Poor's 500 Index .SPX fell 6.33 points, or 0.59 percent, at 1,060.30. The Nasdaq Composite Index .IXIC dropped 12.36 points, or 0.59 percent, at 2,092.96.

U.S. employers cut a deeper-than-expected 190,000 jobs in October, the government said, and the unemployment rate rose more than forecast to 10.2 percent, the highest since April 1983. For details, see [ID:nN06178752] and [ID:nN06177960]

(Reporting by Angela Moon; editing by Jeffrey Benkoe)

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