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.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »