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Thursday
May052011

Stocks Down Thursday; New Unemployment Numbers to Come Out Friday

Comstock Images/Thinkstock(NEW YORK) -- Worries about the economy have investors on the defensive.  The Dow closed closed down 139 points, the Nasdaq dropped 14 and the S&P lost 12 Thursday.

The government reports that the number of people applying for unemployment benefits jumped to its highest level in eight months.  This is unemployment's third increase in the last month.

New monthly unemployment numbers will be released Friday.

Copyright 2011 ABC News Radio

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