U.S. unemployment rate rises, DOW falls
Unemployment rose to 8.2 percent in May. The Dow Jones Industrial Average plummeted 275 points, or 2.2 percent, to 12,119, the S&P 500 tumbled 32.3 points, or 2.5 percent, to 1,278 and the Nasdaq Composite sold off by 79.9 points, or 2.8 percent, to 2,747 at news of the jobless uptick.
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