The FTSE100 took a huge hit this afternoon closing over 2% lower at 6348.50. The killer punch followed news from the US that only 18,000 jobs were created in December compared to an expected 70,000.
Only four companies finished the day as winners led by Carphone Warehouse (up 8.75 to 340.75) and Reed Elsevier (up 2.50 at 674.50) as retailers failed to recover and the miners lost their early gains. On Wall Street, the weak jobs data caused the Dow Jones to fall 124 points to 12,931 while the S&P 500 was down 18 at 1,428. IFAonline
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