US stocks plummeted on tech sell-off and mixed jobs data, causing market uncertainty

From Google: 2024-08-24 20:49:22

US stocks tumbled on Friday amid a tech sell-off, with the Nasdaq dropping 1.6%. Investors weighed mixed jobs data – 943,000 nonfarm payrolls added, above expectations, but unemployment rate at 5.4%. The Dow fell 75.74 points, S&P 500 down 0.8%. Tesla, Apple, Amazon, Facebook, Alphabet shares all dropped significantly. The disappointing jobless report added to concerns over the economic recovery’s strength. Tech woes and inflation fears led to the decline, with market uncertainty prevailing. Market’s volatility may continue in coming weeks as investors monitor economic indicators closely.



Read more at Google: Stock market today: US stocks tumble amid tech sell-off as investors weigh mixed jobs data – Yahoo Finance UK