Wall Street Tumbles: S&P 500 Faces Biggest Drop Since 2022, Tech-Heavy Nasdaq Plummets 3% on Weak US Jobs Data
On Friday, August 2, Wall Street experienced a sharp decline as US stocks and Treasury yields fell to multi-month lows. This came after a disappointing jobs report raised concerns that the US Federal Reserve might not have acted quickly enough to cut interest rates, increasing the risk of a more serious economic slowdown in the … Read more