Markets Plunge — Dow Off 140

UPDATE (2:24 PM ET): Markets have been tanking in the wake of a bad jobs number.

The increase in non-farm payrolls came in at 80K, sharply missing expectations of 100K.

Dow futures were off just a few points before the announcement. The index is now down 185 points.

Gold is off 1.93 percent in the wake of the announcement, trading at $1578 per ounce.

Also taking a hit in the wake of the jobs announcement: Treasuries, EUR/USD and USD/YEN.

Check out the drop in Dow futures right after the report came out at 8:30 AM ET today:

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