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Wall Street experiences worst day of the year

Justin Lane / EPA

A trader works on the floor of the New York Stock Exchange, June 1, at the Closing Bell in New York City. The Dow Jones Industrial average lost 277 points after the release of a disappointing jobs report.

Justin Lane / EPA

Traders work on the floor of the New York Stock Exchange on Friday.

I generally don’t put much stock in the expressions of traders on the floor of the New York Stock Exchange, but today’s bad economic news does seem to be reflected in the faces of these people.

Msnbc.com’s Roland jones reports:

A gloomy U.S. jobs report and signs of a global economic slowdown hammered Wall Street Friday, wiping out the stock market’s gains for 2012 and leaving investors wondering where to turn.

The Dow Jones industrial average sank 275 points, or 2.2 percent, chalking up its biggest one-day drop since November. The market index closed down 0.8 percent for the year and off 2.7 percent for the week.

Richard Drew / AP

Anthony Riccio, center, work with fellow traders on the floor on Friday. The Dow Jones industrial average dropped more than 200 points, erasing what was left of its gain for the year.

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