July 2, 2009 Market analysis with Jim Lowell Play video

(NECN) - The bleak jobs news sent all the major stock indexes down more than two and a half percent.

The Dow Jones industrial average closed at nearly 8,281, falling 223 points.

For the week-- the blue chips are down almost two percent.

The Nasdaq composite finished at more than 1,796-- down 49 on the day.

That's a loss of more than two percent for the week.

The S-and-P 500 ended at 896-- dropping almost 27 -- nearly three-percent.

For the week-- the S-and-P turns in a loss of two and a half percent.

Regionally -- Bloomberg’s New England index slipped about eight and a half points.

The New England tech stock index went down about two and three quarters.

Jim Lowell, chief investment strategist for Adviser Investments has Thursday’s market analysis.