- Dismal jobs report : American employers added just 69,000 jobs in May, the fewest in a year, and the unemployment rate increased to 8.2 percent from 8.1 percent. Economists had forecast a gain of 158,000 jobs. March and April numbers were also revised downward.
- Earlier data showed weak economic conditions in Europe and Asia, too. Unemployment in the 17 countries that use the euro currency stayed at a record-high 11 percent in April, and unemployment spiked to almost 25 percent in Spain.
- There were signs that growth in China, which helped sustain the global economy through the recession, is slowing significantly. China's manufacturing sector weakened in May
- Consumer confidence, as measured by the Conference Board, declined in May to 64.9 from 68.7. Both figures are abysmally low.
- Market's worst day of the year
** daily ** S&P500 broke through and closed below its 200 dma
** weekly **
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