Published 08/01/2024 8:04:00 p.m.

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.

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NDTV

Indian Stocks Fall After Recession Fears Spark Wall Street Sell-Off

The Indian stock market opened lower this morning amid weak global cues, with the Sensex nosediving over 700 points and the Nifty tumbling more than 200 points. Earlier, Wall Street stocks tanked after weak manufacturing data sparked worries about a US recession. European stocks, too, fell after disappointing bank earnings. In the US, all three major indices finished lower. Nasdaq Composite fell the most at 2.3%. US equities had opened higher af…

08/02/2024 4:23:33 a.m.·New Delhi, India

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Associated Press News

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08/01/2024 7:06:02 a.m.·United States

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CNN

Dow closes nearly 500 points lower as investors fear the US economy is faltering

Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high.

08/01/2024 3:44:07 p.m.·Atlanta, United States

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KRDO

Dow tumbles more than 500 points as investors fear the US economy is faltering

By Krystal Hur, CNN New York (CNN) — Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high. The Dow slid 514 points, or 1.2%. The S&P 500 lost 1% and the Nasdaq Composite fell 1.5%. Data Thursday revealed that first-time applications for jobless benefits rose last week to an estimated 249,000 filings. That’s the highest tally since last August, according to the Labor Depar…

08/01/2024 3:44:07 p.m.·Colorado Springs, United States

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The Washington Post

Stock market slides with release of weak economic data

Major indexes tumbled after new reports suggested that manufacturing has slowed down.

08/01/2024 8:12:45 p.m.

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New York Post

Dow tumbles over 700 points after fresh data ignite fears about slowing economy

Stocks tumbled on Thursday as early gains evaporated, after a round of economic data spurred concerns the economy may be slowing faster than anticipated while the Federal Reserve maintains a restrictive monetary policy.

08/01/2024 4:07:51 p.m.·New York, United States

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