Reported 2 months ago
The stock market experienced a significant downturn, with the Dow falling 600 points, driven by concerns over a weak jobs report that reignited recession fears. The unemployment rate rose to 4.3%, triggering recession warnings, while short-term traders sold off stocks following the earnings season. Additionally, investors had hoped for a Federal Reserve rate cut, which was not enacted, further contributing to the market's decline.
Source: YAHOO