The Street
Stock Market Today: Stocks get Fed boost; Apple and Amazon on deck TheStreet Daily Newsletter
Finance
Technology
Economy
Stocks surge on Fed, earnings; Nvidia record; Yen, Nikkei fall; S&P, Nasdaq July performance.
2024-08-03 09:00:08
Stocks
Economy
Markets
Market Turmoil: Stocks Plunge on Weak Jobs Report and Economic Concerns
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US stocks plummeted after a disappointing jobs report, with the Nasdaq entering correction territory. Economic data suggests a slowdown, fueling speculation on rate cuts.
Traders predict three cuts this year, with a potential 50-basis point reduction in September. Individual stocks like Intel and Amazon faced challenges, while Apple's shares rose.
The VIX surged, Treasury yields fell, and fears of a recession grew. Investor concerns about the economy cooling too quickly intensified, with pressure on the Fed to act more aggressively.
Market volatility reflected panic and fear, with various indicators signaling potential lows.
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Yahoo Finance
Stock Slump Deepens as Japan Falls Most Since 2020: Markets Wrap
Finance
Economy
Politics
Technology
Japanese stocks plunged 5.7% as the yen's strength weighed on exports. Shares fell across Asia amid weak US data and tech earnings. Treasuries rallied, with the two-year yield hitting a 14-month low. The Bank of Japan's policy shift signals likely rate hikes. In China, a central bank adviser urged more stimulus. Oil rose after a previous decline, while gold wavered near record levels.
Yahoo Finance
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..
The Street
Midday movers: Unemployment, earnings crush Amazon and Intel; Apple, DoorDash up TheStreet Daily Newsletter
Finance
Economy
Technology
Stocks plunge on weak jobs data; Intel reports major earnings miss, plans 15% layoffs, stock down 55% YTD; Amazon revenue falls short, stock up 11% YTD; Apple beats earnings, boosts AI investment; DoorDash stock moves; Russell 2000 Index drops 3.4%.
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