Reported 2 months ago
US stocks fell sharply on Friday following a July jobs report indicating a further cooling labor market, raising fears of recession as concerns about the Federal Reserve's prolonged high-interest-rate stance grew. The Nasdaq Composite slid nearly 3%, entering correction territory, while the Dow Jones and S&P 500 also experienced significant declines. Companies like Intel and Amazon contributed to the downturn with disappointing earnings, intensifying market volatility amid worsening economic signals.
Source: YAHOO