dow jones industrial

AP - Back to reality for the stock market — and back down.

U.S. markets have opened for the first time since Standard and Poor's downgraded the nation's credit rating.

The Dow Jones industrial average fell more than 250 points minutes after the opening bell on Wall Street.

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Citigroup and General Motors officially are out of the world's most famous stock market index, the Dow Jones industrial average.

The share price for each are down dramatically. They're being replaced by shares in technology giant Cisco and insurance company Travelers.

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Some mildly encouraging news after months of 600K+ job loss.

Still, the unemployment rate is now at 9.4%, but underemployment almost has to be at 16% this month since it was 15.6% last month.

Underemployment is the number of people who are out of work plus those who are working part time but want full time jobs.

So it’s a much better measure of the actual employment situation.