Dow tumbles 800 points, Nasdaq enters correction territory after weak jobs report: Live updates

Category: Finance

Stocks fell sharply following a disappointing jobs report for July, raising concerns about a potential recession. The Dow Jones dropped 810 points, the S&P 500 fell 2.4%, and the Nasdaq Composite lost 3%, entering correction territory. Job growth slowed significantly, with nonfarm payrolls increasing by only 114,000, and the unemployment rate rising to 4.3%. Major tech stocks like Amazon and Intel experienced significant losses, while investors sought safety in bonds as Treasury yields fell.

Keywords: Stock Market, Jobs Report, Recession

Source: CNBC

Update At: 8/2/2024

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