2024-08-02 14:59:08
Economy
Stocks
Technology

Stock Market Sell-Off amid Weaker Jobs Data and Growth Fears

Image courtesy of : AFP (SPENCER PLATT)

US stocks plunged as July jobs data showed labor market cooling, fueling recession fears and rate-cut bets. Dow, S&P, Nasdaq fell 1-2.3%.

Intel to cut jobs, suspend dividends after missing earnings. Amazon sales guidance missed, stock fell 10%.

Apple beats earnings despite iPhone sales slide. 10-year Treasury yield dived below 4%.

Stocks kick off August with sell-off after Thursday's economic data. The Nasdaq falls 10% from record high after disappointing jobs report.

Stocks tumble as Intel's earnings miss, growth fears, and weak Big Tech results spook market. US futures slide across the board on growth fears, earnings disappointments.

Weak US jobs growth sparks Wall Street sell-off. Global markets rattled by US recession fears, tech shares plunge.

US jobs report awaited amid economic slowdown concerns. Investors fear a hard landing and Fed rate error.

Stock market suddenly freaks out over potential slowdown in hiring and Fed's response. Jobs data cements case for big September Fed rate cut.

Fed's foot-dragging triggers fears of a collapse. Forecasters anticipate slower job growth in July.

Japanese stocks tumble amid surge faltering. Amazon stock tumbles on profit and revenue outlook.

Fed will scour jobs report for signs of weakness.

Yahoo Finance
2. August 2024 um 13:30

Stock market news today: Stock sell-off picks up pace after jobs report shows US labor market losing steam

Finance
Economy
US stocks plunged as July jobs data showed labor market cooling, fueling recession fears and rate-cut bets. Dow, S&P, Nasdaq fell 1-2.3%. US added fewer jobs, unemployment rose to 4.3%. Intel to slash jobs, suspend dividends after missing earnings. Amazon sales guidance missed, stock fell 10%. Apple beat on earnings despite iPhone sales slide. 10-year Treasury yield dived below 4%. Stocks kicked off August with sell-off after Thursday's economic data.
Yahoo Finance
2. August 2024 um 13:30

Stock market news today: Nasdaq falls 10% from record high after disappointing jobs report

Finance
Economy
Technology
US stocks plummeted on Friday following a disappointing July jobs report, raising concerns about the Federal Reserve's interest-rate strategy and a potential recession. The Nasdaq fell over 10% from its early July high, entering correction territory, while the Dow Jones dropped nearly 2%. The S&P 500 also sank 2.5%. Economic data indicated a slowdown, prompting speculation on rate cuts. Traders anticipate three rate cuts this year, with a 50 basis-point reduction in September. Additionally, in..
Yahoo Finance
2. August 2024 um 10:53

Stock market news today: US futures tumble across the board as growth fears, Big Tech earnings spook market

Finance
Economy
Technology
Stocks tumbled, with Dow, S&P, and Nasdaq down 1-2%, as Intel's earnings miss, growth fears, and weak Big Tech results like Amazon and Apple spooked the market. Traders expect 3 rate cuts this year, with bets rising on one being 50 basis points, as the economic slowdown raises recession fears.
The Street
5. August 2024 um 16:47

Stock Market Today: Stocks crushed as markets see Fed rate error TheStreet Daily Newsletter

Finance
Economy
U.S. equity futures plunged as investors retreated from stocks globally amid concerns over inflation, recession risks, and the Federal Reserve's policy. Treasury yields plunged, with 2-year notes hitting lows not seen since 2022, as bets on a 50 basis point Fed rate cut in September increased. Investors await the July employment report, expected to show a slowdown in hiring. Notable premarket movers include Apple's better-than-expected earnings, Amazon's revenue miss, and Intel's headcount red..
CW

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