US stocks, including Nasdaq, fell 2.6% after disappointing jobs data

From Google: 2024-09-06 23:10:51

The Nasdaq ended down 2.6% as US stocks fell after disappointing jobs data. The S&P 500 also closed lower, while the Dow Jones Industrial Average saw a decline of 1.1%. The Labor Department reported that only 199,000 jobs were added in December, well below the expected 422,000. This data led to concerns about the strength of the economic recovery and contributed to the market’s decline. Tech stocks were hit particularly hard, with Apple, Microsoft, and Tesla all seeing losses. Overall, it was a challenging day for US markets as investors reacted to the latest economic indicators.



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