XPost: alt.fan.rush-limbaugh, alt.politics.trump, sac.politics   
   XPost: talk.politics.guns   
   From: sluts@r.usa   
      
   Stocks fell sharply on Friday with the S&P 500   
    headed for its worst session in almost two years, as a much weaker-than-   
   anticipated jobs report for July ignited worries that the economy could be   
   falling into a recession.   
      
   The broad-market index dropped 2.1%, on pace for its biggest drop since   
   December 2022. The Nasdaq Composite   
    lost nearly 2.6%, bringing the decline for the tech-heavy index from its   
   recent all-time high to more than 10%. The Dow Jones Industrial Average   
    fell 785 points, or almost 2%, and at one point was down 989 points.   
      
   Stocks sank after July job growth in the U.S. slowed more than expected,   
   while the employment rate rose to the highest since October 2021. Nonfarm   
   payrolls grew by just 114,000 last month, the Labor Department reported, a   
   slowing from 179,000 jobs added in June and below the 185,000 expected by   
   economists polled by Dow Jones. The unemployment rate increased to 4.3%.   
      
   The 10-year Treasury yield fell to its lowest since December as investors   
   flooded into bonds for safety on the fear the Federal Reserve made a   
   mistake this week by keeping interest rates at current levels.   
      
   Some mega cap names saw steep losses during the day, as Amazon   
   ’s second-quarter results sparked investor concerns about Big Tech’s   
   blowout levels of artificial intelligence-related capital spending. The e-   
   commerce giant slid 8.8% after missing the Street’s revenue estimates and   
   issuing a disappointing forecast. Intel   
   , meanwhile, cratered roughly 26% after announcing weak guidance and   
   layoffs. Nvidia   
    lost more than 4%, following a 6% loss a day before.   
      
   The Nasdaq is the first of the three major benchmarks to enter correction   
   territory — down more than 10% The S&P 500 and Dow were 6% and 4% below   
   their all-time highs, respectively.   
      
   https://www.cnbc.com/2024/08/01/stock-market-today-live-updates.html   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)