The stock market experienced a significant drop today, with the Dow Jones Industrial Average losing 800 points and the Nasdaq entering correction territory following a weak jobs report. This news has caused concern among investors, leading to a tech selloff and heightened economic fears.
The Federal Reserve’s recent announcement also contributed to the market volatility, causing stocks to wobble. Meta, formerly known as Facebook, saw a jump in its stock price, while tech giants like Amazon experienced a decline.
Overall, the market saw a fear-driven Thursday, with the Dow Jones tumbling 500 points. Investor worries were further exacerbated by the disappointing jobs report, which showed a sharp drop in U.S. hiring.
As a result, the stock market saw a nearly 1,000 point plunge, leading to recession fears bulldozing stocks. The 10-year yield fell below 4%, impacting market movers like Apple and Amazon.
In summary, today’s market news highlights the challenges facing investors as they navigate a volatile economic landscape.