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Rising Unemployment Stokes Fears Of Protracted Recession
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San Francisco Chronicle
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July 02, 2009
Despite a strong increase in factory orders, the markets plunged to close sharply lower with the Dow skidding 223 points to 8280 as soaring unemployment stocked fears of a protracted recession. Nasdaq collapsed 49 points to 1796 while S&P 500 plummeted 26 points to 896. The 30-year bond rose as ...
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