Here are the most important news items that investors need to start their trading day:
1. Fearful
Stocks continued to sell off on Friday, with July’s weaker-than-expected jobs report fueling fears of a potential recession. The S&P 500 declined 1.84% to close the trading session at 5,346.56. The Nasdaq Composite fell 2.43% to finish at 16,776.16, leading to a more than 10% drop from the tech-heavy index’s all-time high. The Dow Jones Industrial Average dropped 1.51% to close at 39,737.26. The index’s session low was a drop of 989 points. On the jobs front, nonfarm payrolls increased by only 114,000 in July, according to the Labor Department. That’s down from the 179,000 jobs that were added in June and well below the expected 185,000 from economists polled by Dow Jones. With that, the unemployment rate rose to 4.3%, which is the highest since October 2021. Follow live market updates.
2. Halfway through
3. Don’t blame me
CrowdStrike is denying responsibilityfor Delta’s thousands …