US Stock Market Suffers Largest Single Day Loss Since October Following Robust Jobs Report Data

The US stock market suffered its sharpest decline since October after a robust jobs report fueled expectations of future Federal Reserve interest rate hikes.Massive sell-offs in major technology companies drove the Nasdaq down 4.2 percent, significantly outweighing gains in other sectors.Investors remain cautious as high inflation and rising geopolitical tensions in the Middle East continue to pressure global markets.
Published:15h
Tags
Read more
Discuss