Unexpected Payrolls Drop Sends Markets Tumbling

Payrolls dropped unexpectedly in August sending the markets into a tailspin with the Dow plummeting 250 points to 13,223. Nasdaq skidded 49 points to 2566 while S&P 500 plunged 25 points to 1454. The 30-year bond climbed as the yield fell to 4.693%.