Reported 2 months ago
On August 2, investors faced significant news: the U.S. added only 114,000 jobs in July, far less than the expected 175,000, with the unemployment rate rising to 4.3%. This raises concerns about the Federal Reserve's timing in cutting rates. Meanwhile, Apple reported better-than-expected earnings for Q3, but faced challenges in China, while Amazon's and Intel's disappointing results dragged the market down, with Intel experiencing a sharp decline due to weak guidance and job cuts.
Source: YAHOO