Reported about 1 month ago
US stocks experienced a decline on Thursday, led by a significant drop in the Dow Jones Industrial Average, as investors reacted to underwhelming labor market data. The ADP report indicated the smallest monthly hiring growth since January 2021, raising concerns about the economy's health and potential implications for Federal Reserve interest rate decisions. While Tesla shares surged due to plans for a self-driving software launch, overall market sentiments remained cautious ahead of the crucial jobs report.
Source: YAHOO