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.
51 Articles
51 Articles


Tech stocks plunge as Nasdaq enters correction territory
Stocks sold off sharply Friday as the tech-heavy Nasdaq composite index entered correction territory, pulled downward by economic worries and poor earnings from some leading companies.
Stocks tumble on weak jobs data as a global sell-off whips back to Wall Street
A report showing that hiring by U.S. employers slowed last month by much more than economists expected sent fear through markets, with both stocks and bond yields dropping sharply.
U.S. stocks end with sharp losses as Nasdaq falls into correction
U.S. stocks closed sharply lower Friday, with the technology-heavy Nasdaq Composite falling into correction as investors fretted over a softer-than-expected jobs report. The Dow Jones Industrial Average fell 610.71 points, or 1.5%, to close at 39,737.26. The S&P 500 dropped 100.12 points, or 1.

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
Global Stocks Plunge as Weak US Jobs Report Fuels Economic Fears
A disappointing U.S. jobs report on Aug. 2 threw fuel on the global stock market sell-off, as weak employment data heightened investor fears of an economic slowdown and sent investors running for safety. European stocks had their worst day in over a year, while Japan’s benchmark Nikkei 225 suffered its biggest points drop since the COVID-19 pandemic, as investors digested news that the U.S. economy added far fewer jobs than predicted and that th…
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