Major stock indices fell sharply Thursday as negative reports in employment, technology and manufacturing have many investors questioning the security of the recovery.
The Dow Jones industrial average was particularly hard hit, tumbling in excess of150 points after the release of figures revealing an increased in unemployment claims.
Investors rushed to sell of Tech stock today on the NASDAQ driving it down 45.86 to 2.1 percent. The Standard & Poor's 500 index also fell, slipping 15.29 points or 1.4 percent, to 1,082.21.
The market has fallen 5 of the past 8 days, due to both negative reports and anxiety regarding President Barack Obama’s proposed limits on big banks.
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