Dow closes nearly 500 points lower as investors fear the US economy is faltering
- U.S. Stocks fell sharply after weak data raised concerns about the economy, with the Dow closing down 514 points, or 1.2%.
- First-Time applications for jobless benefits rose to 249,000, the highest since last August, according to the Labor Department.
- The unemployment rate reached 4.1%, marking the highest level in over two years, with indications of a slowing labor market.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left13Leaning Right3Center6Last UpdatedBias Distribution59% Left
Bias Distribution
- 59% of the sources lean Left
L 59%
C 27%
14%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage