Weak Jobs Report Stokes Recession Fears, U.S. Stock Market Enters Correction
HR Digest
AUGUST 3, 2024
stock market saw sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a weak jobs report stoked fears of an oncoming recession. Stocks fell sharply a much weaker-than-anticipated jobs report for July ignited worries that the economy could be falling into a recession.
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