Dow .....6,594.44 ...-281.40 (-4.09%)
S&P 500 ...682.57 ...-30.30 (-4.25%)
Nasdaq ...1,299.59 ...-54.15 (-4.00%)
Citigroup stock falls below $1 a share
Stocks tumble as investors worry about banks, GM
"The economic data is still obviously a huge worry," she said. "I don't think anyone thinks we're in the clear because the market was up yesterday."
But beyond the bad economic data, investors who had placed their hopes in the Obama administration to pull the country out of recession are worried that Washington's efforts will fall short.
"Everyone knows that the economy is bad, so I don't think that's the problem here," said Eric Ross, director of U.S. research at brokerage Canaccord Adams. "The government clearly doesn't have a solution."
Worst is yet to come for job market
US Stocks Return To 12-Year Lows; Citi, Other Banks, GM Weigh
US Economy: Jobless Claims Exceed 600000, Productivity Falls
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