Stock market today: US indexes extend plunge after surprise unemployment spike and jobs miss

Category: Finance

US stocks fell after a disappointing July jobs report, which showed only 114,000 jobs added and an increase in the unemployment rate to 4.3%. This raised concerns about a slowing economy and led to speculation of an interest rate cut by the Federal Reserve. Additionally, weak earnings from Intel and Amazon contributed to the market decline.

Keywords: US stocks, jobs report, interest rates

Source: Yahoo Finance

Update At: 8/3/2024

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