5 things to know before the stock market opens Friday

Category: Finance

Stocks fell sharply due to recession fears, with the Dow Jones dropping nearly 500 points. Jobless claims rose significantly, and the ISM manufacturing index indicated economic contraction. Upcoming jobs data is anticipated to show payroll gains and stable unemployment. Apple exceeded earnings expectations while Amazon missed revenue forecasts. A prisoner swap occurred involving notable individuals, and Olympians are struggling with extreme heat in Paris.

Keywords: Stock Market, Recession, Job Data

Source: CNBC

Update At: 8/3/2024

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