Reported 2 days ago
On Friday, the stock market experienced a decline following a disappointing US unemployment report, which raised concerns about potential recession impacts on corporate earnings. While the S&P 500 fell by 0.32% and the Dow fell by 0.48%, the Nasdaq managed a slight gain of 0.08%. The weak job figures, which included a payroll increase of just 22,000, led analysts to anticipate at least two interest rate cuts by the Federal Reserve by the end of the year. The overall market sentiment turned negative as investors became wary of economic instability.
Source: YAHOO