Nasdaq enters correction, Dow falls 600 points as disappointing jobs report shakes investors
US stocks tumbled across the board on Friday after the July jobs report showed a further cooling in the labor market, fueling concerns the Federal Reserve’s “higher for longer” interest-rate stance might end in recession and that the central bank may have waited too long to start lowering rates. The Nasdaq Composite (^IXIC) dropped 2.6% … Read more