Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed US stocks on Friday, driving down major indexes more than 2%.
Wall Street stocks dived Friday after government data showed the US economy created fewer jobs than expected last month, raising questions about the strength of the recovery from recession.
Maintaining the rate of the European Central Bank to 1%, combined with the fear of contagion to other Greek countries continued, to weigh on the global stock markets and the Euro vs Dollar exchange rate. The crisis goes global. Wall Street loses 9%.