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Stocks end lower, Nasdaq confirms correction as recession fears mount

  • Stocks fell on Friday after a disappointing jobs report increased fears about the US economy's health.
  • First-Time jobless claims reached their highest number since last August, while ongoing claims hit their highest since November 2021.
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Associated Press NewsAssociated Press News
+32 Reposted by 32 other sources
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Stocks fall sharply as worries mount about weakening US economy. Dow drops 600, Nasdaq closes 10% below July high (CORRECTS: A previous APNewsAlert erroneously reported the Nasdaq's most recent high occurred in June})

Stocks fall sharply as worries mount about weakening US economy. Dow drops 600, Nasdaq closes 10% below July high (CORRECTS: A previous APNewsAlert erroneously reported the Nasdaq's most recent high

·United States
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  • 48% of the sources are Center
48% Center

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Barron's broke the news in New York, United States on Friday, August 2, 2024.
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