MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
Pandora shares surge after trade halt is lifted
Avon reports wider-than-expected loss
PepsiCo profit up 31%, but outlook is soft
Sweden cuts interest rate further below zero
Total CEO sees oil price rising at end of 2016
Shell cancels $14.4 billion bridge credit facility

MARKET SNAPSHOT
U.S. stock-market plunge paced by financials
Treasury yields at lowest level since 2012
European stocks knocked to lowest since 2013
Dollar at lowest vs. yen since late 2014

10 stocks leading the market’s decline Thursday
The stocks you need to fight off bear-market flu
Think like Warren Buffett — buy what’s ugly

FILE PHOTO / BEST BLOOMBERG PHOTOS FOR 2011: Boeing Co. employees and attendees walk toward the main stage during a ceremony to mark Boeing's delivery of the first 787 Dreamliner to All Nippon Airways Co. (ANA) in Everett, Washington, U.S., on Monday, Sept. 26, 2011. Boeing Co. handed over the first 787 Dreamliner today to end more than three years of delays for a plane that the company says will become a benchmark for decades of technology and passenger amenities. Photographer: Stuart Isett/Bloomberg  
Probe report puts Boeing on course for record loss

Buy Twitter stock? Only if you trust Dorsey and company
Twitter message: Its critics were right
Twitter adds new timeline feature
Jeff Reeves: Is Twitter’s worst really over?

Valeant’s M&A accounting cushions its income

Most popular new iOS emoji? Eye roll, please ...

Yellen in Senate: Stock swoon not Fed fault

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Jeb Bush says Trump would be worse than Obama

FBI has closed in on Oregon refuge holdouts

North Korea reportedly has executed top general

India set to outpace China in demand for oil
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 of every 3 Americans over 65

REIT bonus targets at heart of Brixmor scandal

Even private-equity firms are buying back shares

Has the idea of college financial aid totally backfired?
Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable


/conga/frontpage.html 367740

Markets »

112.17MDow Volume:
Avg Vol: 131.80M
Unchanged
139
Decliners
4770
Advancers
1570
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,655 -260 1.63%
Nasdaq
/quotes/zigman/12633936/realtime 4,266 -18 0.41%
S&P 500
/quotes/zigman/3870025/realtime 1,828 -23 1.27%
GlobalDow
/quotes/zigman/629063/realtime 2,047 -33 1.61%
Gold
/quotes/zigman/33772884/delayed 1,245 +51 4.24%
Oil
/quotes/zigman/2260836/delayed 26.85 -0.60 2.19%
FTSE 100
/quotes/zigman/3173262/delayed 5,537 -135 2.39%
DAX
/quotes/zigman/2380246/delayed 8,753 -264 2.93%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.05%
FTSE MIB
/quotes/zigman/1482176/delayed 15,773 -941 5.63%
IBEX 35
/quotes/zigman/2759620/delayed 7,746 -397 4.88%
Stoxx 600
/quotes/zigman/2380150/delayed 304 -12 3.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,436 -17 0.71%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.39%
Yen
/quotes/zigman/16008150/realtime/sampled 112.22 -1.13 1.00%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.38%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.01%
DXY Index
/quotes/zigman/1652083/delayed 95.53 -0.29 0.30%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.76 -0.12 0.14%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.63 -0.08 4.97%
German 10y
/quotes/zigman/15866409/realtime 0.19 -0.05 21.45%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 +0.07 4.42%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.99%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 -0.11 7.92%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 2.19%
Gold
/quotes/zigman/33772884/delayed 1,245 +51 4.24%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,579 -287 1.81%
S&P F
/quotes/zigman/43106711/delayed 1,821 -26 1.39%
Silver
/quotes/zigman/32655632/delayed 16 +0 3.19%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.47 0.47 0.47%
AAPL /quotes/zigman/68270/composite 93.93 -0.34 -0.36%
GOOG /quotes/zigman/59527964/composite 681.20 -2.92 -0.43%
BAC /quotes/zigman/190927/composite 11.15 -0.83 -6.93%
C /quotes/zigman/5065548/composite 35.11 -2.30 -6.15%
F /quotes/zigman/264304/composite 11.21 -0.13 -1.19%
T /quotes/zigman/398198/composite 36.03 -0.40 -1.10%
BP /quotes/zigman/247026/composite 27.49 -0.55 -1.95%
GE /quotes/zigman/227468/composite 27.33 -0.98 -3.45%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/714403/composite SPY-1.23%
  • /quotes/zigman/413712/composite USO-1.03%
  • /quotes/zigman/190927/composite BAC-6.93%
  • /quotes/zigman/5419837/composite P+6.55%
  • /quotes/zigman/8669138/composite DWTI+1.78%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

SmartMoney Blogs

Real-Time Advice
Our real-time advice on how market shifts and news impact you and your money

U.S. Still Down 6 Million Jobs

The stock market has recovered its losses since hitting bottom three years ago today. But despite gains in employment during that same stretch, America is still down six million jobs, data shows.

The economy added 227,000 jobs in February, more than the 204,000 economists expected, the Labor Department reported this morning. The unemployment rate remained unchanged at 8.3% from last month. But while the economy has added more than 200,000 jobs for three straight months, the damage to employment done by the Great Recession is still far from repaired.

Between December 2007, when the recession officially started, and February 2010, when the Labor Department’s reports show employment hit bottom, the economy lost more than eight million jobs. Between then and now, we’ve added back more than two million jobs. With that big of a gap yet to fill, it’s extremely unlikely the unemployment rate will fall to a more “normal,” pre-crisis level of 6% by the end of this year, says Robert Johnson, the associate director of economic analysis at Morningstar. A rate below 8% — last seen in January 2009 — is possible by the end of the year, however, Johnson says.

The struggling housing market is part of the problem. Much of the job growth that happened in the recovery that began in 2002 came from construction and related industries, Johnson says. More than two million of the eight million jobs we’ve lost in this recession were in construction, representing a huge hit to the industry. “We lost about 26% of the construction jobs in this country,” Johnson says, and almost none of those jobs have come back. Employment growth in the industry “is a rounding error,” he says. This month, construction employment fell slightly, losing 14,000 jobs after two months of gains. At the height of the boom, this country was building more than two million new homes a year; as of the Census Bureau’s latest report, that rate is now below 700,000 new homes. “We’re not going back to 2.2 million housing starts in my lifetime,” Johnson says, but in the next 12 to 18 months we could be back to building more than a million new homes a year, which should add about a million new jobs in construction.

Of course, that’s still several million jobs short of pre-recession employment levels. But other sectors, such as health care and manufacturing, have been growing strongly in this recovery, Johnson says. “There’s a few categories of jobs where you can write your own ticket [like engineers and accountants], and there’s other categories where I don’t think people are ever getting their jobs back,” Johnson says.

Also See:

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 86)

View all Comments »
    • nice post

    • The US economy is down far more than 6m jobs.

      8 million lost during the recession plus the 1.5 million per year from 2008-10 that werent created just to keep pace with population growth means when the job losses stopped, the US was down over 12m jobs. About 2.5m have been gained back, so were down 10m versus where we would have been had the great recession never happened.

    • President’s true travel costs hidden in other agencies budgets

    • What is the budget for operating the Whitehouse (travel [foreign and domestic] vacations, fund raisers, campaigning and protection? Where are the black Canadian made Taxpayer paid canpaign buses?

    • Fire the obama CZARS.

About Real-Time Advice

  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at ask@smartmoney.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
Pandora shares surge after trade halt is lifted
Avon reports wider-than-expected loss
PepsiCo profit up 31%, but outlook is soft
Sweden cuts interest rate further below zero
Total CEO sees oil price rising at end of 2016
Shell cancels $14.4 billion bridge credit facility

MARKET SNAPSHOT
U.S. stock-market plunge paced by financials
Treasury yields at lowest level since 2012
European stocks knocked to lowest since 2013
Dollar at lowest vs. yen since late 2014

10 stocks leading the market’s decline Thursday
The stocks you need to fight off bear-market flu
Think like Warren Buffett — buy what’s ugly

FILE PHOTO / BEST BLOOMBERG PHOTOS FOR 2011: Boeing Co. employees and attendees walk toward the main stage during a ceremony to mark Boeing's delivery of the first 787 Dreamliner to All Nippon Airways Co. (ANA) in Everett, Washington, U.S., on Monday, Sept. 26, 2011. Boeing Co. handed over the first 787 Dreamliner today to end more than three years of delays for a plane that the company says will become a benchmark for decades of technology and passenger amenities. Photographer: Stuart Isett/Bloomberg  
Probe report puts Boeing on course for record loss

Buy Twitter stock? Only if you trust Dorsey and company
Twitter message: Its critics were right
Twitter adds new timeline feature
Jeff Reeves: Is Twitter’s worst really over?

Valeant’s M&A accounting cushions its income

Most popular new iOS emoji? Eye roll, please ...

Yellen in Senate: Stock swoon not Fed fault

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Jeb Bush says Trump would be worse than Obama

FBI has closed in on Oregon refuge holdouts

North Korea reportedly has executed top general

India set to outpace China in demand for oil
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 of every 3 Americans over 65

REIT bonus targets at heart of Brixmor scandal

Even private-equity firms are buying back shares

Has the idea of college financial aid totally backfired?
Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable


/conga/frontpage.html 367740

Markets »

112.17MDow Volume:
Avg Vol: 131.80M
Unchanged
139
Decliners
4770
Advancers
1570
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,656 -259 1.63%
Nasdaq
/quotes/zigman/12633936/realtime 4,266 -17 0.41%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.26%
GlobalDow
/quotes/zigman/629063/realtime 2,047 -33 1.61%
Gold
/quotes/zigman/33772884/delayed 1,245 +51 4.25%
Oil
/quotes/zigman/2260836/delayed 26.84 -0.61 2.22%
FTSE 100
/quotes/zigman/3173262/delayed 5,537 -135 2.39%
DAX
/quotes/zigman/2380246/delayed 8,753 -264 2.93%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.05%
FTSE MIB
/quotes/zigman/1482176/delayed 15,773 -941 5.63%
IBEX 35
/quotes/zigman/2759620/delayed 7,746 -397 4.88%
Stoxx 600
/quotes/zigman/2380150/delayed 304 -12 3.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,436 -17 0.71%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.38%
Yen
/quotes/zigman/16008150/realtime/sampled 112.23 -1.12 0.99%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.37%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.03%
DXY Index
/quotes/zigman/1652083/delayed 95.53 -0.29 0.30%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.76 -0.12 0.14%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.63 -0.08 4.97%
German 10y
/quotes/zigman/15866409/realtime 0.19 -0.05 21.45%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 +0.07 4.42%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.99%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 -0.11 7.92%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 2.22%
Gold
/quotes/zigman/33772884/delayed 1,245 +51 4.25%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,576 -290 1.83%
S&P F
/quotes/zigman/43106711/delayed 1,821 -26 1.42%
Silver
/quotes/zigman/32655632/delayed 16 +0 3.23%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.46 0.46 0.46%
AAPL /quotes/zigman/68270/composite 93.95 -0.32 -0.34%
GOOG /quotes/zigman/59527964/composite 681.50 -2.62 -0.38%
BAC /quotes/zigman/190927/composite 11.15 -0.83 -6.93%
C /quotes/zigman/5065548/composite 35.15 -2.26 -6.04%
F /quotes/zigman/264304/composite 11.21 -0.14 -1.19%
T /quotes/zigman/398198/composite 36.02 -0.41 -1.13%
BP /quotes/zigman/247026/composite 27.52 -0.52 -1.85%
GE /quotes/zigman/227468/composite 27.33 -0.97 -3.43%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/714403/composite SPY-1.23%
  • /quotes/zigman/413712/composite USO-0.88%
  • /quotes/zigman/190927/composite BAC-6.93%
  • /quotes/zigman/5419837/composite P+6.55%
  • /quotes/zigman/8669138/composite DWTI+1.78%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration