9 April 2001, 13:24 The weak jobs data headed the list of bad news Friday
The weak jobs data and a surprise bankruptcy by California's
largest utility headed the list of bad news Friday that sent U.S. share
prices sharply lower. Ending near their lows, the Nasdaq Composite fell
64.64, or 3.62%, to 1720.36, while the Dow Industrials fell 126.96, or
1.3 percent, to 9791.09. Monthly jobs data, the single most important
report on the economy, showed substantial weakness in March, especially
in the service sector.
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