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.

New York Times - Business
2. August 2024 um 18:21

Japanese Stocks Tumble 6% as Long-Running Surge Falters

Finance
Economy
Technology
Politics
Japanese stocks crashed 6%, the worst 2-day drop since 2011's earthquake and tsunami, as a long bull run ended; the yen's surge after the BOJ rate hike threatened exports and profits, while inflation, tech woes, and warnings of a 'bubble' bursting added to the market turmoil.
New York Times - Economy
2. August 2024 um 21:45

Fed Will Scour Jobs Report for Signs of Weakness

Economy
Finance
Politics
The Fed held off on cutting rates, seeking more data on inflation control, but high rates risk slowing the labor market, which the Fed is attuned to. Fed chair Powell said the July jobs report will be closely watched for signs of hiring slowdown and joblessness, which could prompt rate cuts of three-quarters of a point by the end of the year. High rates cool inflation by slowing economic activity and price increases.
New York Times - Economy
7. August 2024 um 16:16

Forecasters Expect a Healthy Jobs Report, but a Downshift From June

Economy
The upcoming jobs report is expected to show slower but still robust job growth, with the Federal Reserve closely monitoring the unemployment rate, wage gains, interest rate, job openings, and long-term unemployment. Job gains have been driven by the government, health care and social assistance sectors, potentially masking weaker private sector hiring. Economist Kathy Bostjancic of Nationwide says the labor market is at a crossroads as the Fed seeks to balance a strong job market with its goal..
n-tv.de
2. August 2024 um 09:37

"Recession specter is back": DAX falls below 18,000 - biggest Nikkei loss since Corona - n-tv.de

Economy
Finance
Technology
Politics
DAX falls below 18,000 points; biggest Nikkei loss since Corona; Stocks of Delivery Hero, TUI and Vonovia are losing significantly; Recession fears and disappointing US tech figures weigh on the markets.
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