New Delhi, Aug. 2 -- The US stock market witnessed its worst earnings since May on Friday as the S&P 500, Dow Jones Industrial Average, and Nasdaq composite fell significantly. Dow reported its worst performance with a fall of about 1.23 per cent.
While the S&P 500 and Nasdaq composite fell to about 1.6 per cent and 2.2 per cent, respectively. This stock bloodbath happened amid the tariff rollouts on dozens of trading partners, and a weak job creation report pushed selling pressure.
The job report of US employers already put pressure on the US economy, as the report highlighted only 73,000 jobs added in July. Thomas Ryan (North American Economist, Capital Economics) said, " There was little to celebrate in the July Employment Report."
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