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Article: World markets hit by US unemployment fears
- Article from:
- AP Online
- Article date:
- January 7, 2009
- Author:
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Most world stock markets fell sharply Wednesday, undercut by fresh worries about the U.S. labor market following a grim jobs survey and aluminum producer Alcoa's announcement that it will slash jobs.
The FTSE 100 index of leading British shares closed down 131.41 points, or 2.8 percent, at 4,507.51, while Germany's DAX fell 88.84 points, or 1.8 percent, to 4,937.47. France's CAC-40 finished 50.13 points, or 1.5 percent, lower at 3,346.09.
The Dow Jones industrial average ended down 245.40, or 2.72 percent, to 8,769.70, its biggest point and percentage decline since Dec. 1. The Standard & Poor's 500 index fell 28.05, or 3 percent, to 906.65. It was the biggest drop for the ...