As goes the U.S., so goes the rest of the world — if the last 24 hours of trading are any indication. The Dow Jones Industrial Average and S & P 500 sold off more than 1% on Thursday, as worries over the state of the U.S. economy dented investor sentiment. The tech-heavy Nasdaq Composite wasn't spared either, shedding 2.3% on the day. Thursday's sell-off spilled over to international markets in a big way. .
Friday's data fueled these worries as well. The U.S. economy added just 114,000 jobs in July . That's far below a Dow Jones consensus estimate of 185,000. That's sent Dow futures Friday morning down more than 400 points. "The same macro worries from Thurs are still present , as investors grow increasingly concerned about weakening US growth and wonder whether the Federal Reserve is falling further behind the curve," wrote Adam Crisafulli of Vital Knowledge.
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