World News | Another Rout Hits Wall Street, Giving S&P 500 Its Worst Week in 18 Months
Get latest articles and stories on World at LatestLY. Another rout hit Wall Street, leaving the market with its worst week in 18 months, after a jobs report billed as the most important of the year came in weak enough to keep worries high about the economy. The S&P 500 fell 1.7 per cent Friday.
New York, Sep 7 (AP) Another rout hit Wall Street, leaving the market with its worst week in 18 months, after a jobs report billed as the most important of the year came in weak enough to keep worries high about the economy. The S&P 500 fell 1.7 per cent Friday.
Broadcom, Nvidia and other tech companies led the market lower as worries continue that prices soared too high in the boom around artificial intelligence. That dragged the Nasdaq composite down 2.6 per cent. The Dow Jones Industrial Average dropped 1 per cent.
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Treasury yields tumbled, recovered and then fell again after the jobs report showed employers hired fewer workers in August than expected. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)