Stocks plunge as weak jobs report, tech woes rattle Wall Street ...Middle East

The Hill - Technology

Stocks plunged Monday morning as mounting concerns about the strength of the U.S. economy and the outlook for microchip production shook Wall Street. The Dow Jones Industrial Average opened with a loss of 1,100 points Monday, plunging 2.8 percent after the opening bell. Dow futures tumbled more than 1,200 points before the market opened Monday. The tech-heavy Nasdaq composite plunged 6.2 percent and the S&P 500 index sank 4.2 percent after the market opened. “The U.S. is the locomotive of the global economic train and increasing concern about a slowdown, or possible recession, has markets around the world in turmoil,” wrote Greg McBride, chief financial analyst at Bankrate, in a

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Last updated : 05 August 2024 clock 04:40 PM

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Stocks plunge as weak jobs report, tech woes rattle Wall Street ...Middle East

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