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2mo ago

Surprise Weak July Jobs Report Sends Dow to Lowest Since June, S&P and Nasdaq Slide

Unexpected July payroll data shakes investor confidence ahead of a key Federal Reserve meeting

Der Dow steuert mit den aktuellen Verlusten auf ein Wochenminus von gut drei Prozent zu.
(250613) -- NEW YORK, June 13, 2025 (Xinhua) -- A trader is seen on the floor of the New York Stock Exchange in New York City, the United States, on June 13, 2025. U.S. markets sank on Friday, closing out a volatile week with losses after a dramatic escalation in Middle East tensions rattled global investors. The Dow Jones Industrial Average plunged 769.83 points, or 1.79 percent, to 42,197.79. The S&P 500 fell 1.13 percent to 5,976.97, while the Nasdaq Composite dropped 1.30 percent to 19,406.83. (Xinhua/Liu Yanan)
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Overview

  • U.S. employers added just 73,000 jobs in July, well below the 104,000 consensus and following a combined 258,000 downward revision for May and June.
  • The Dow fell 1.4% to 43,510, its lowest mark since late June, while the S&P 500 dipped 1.6% to 6,237 and the Nasdaq 100 slid 1.9% to 22,783.
  • The Dow is on track for a weekly loss of more than 3%, which would be its steepest drop since early April.
  • Heightened trade tensions and slowing growth have increased uncertainty over the Federal Reserve’s next interest-rate decision.
  • A sharp 8.3% decline in Amazon’s stock after weaker‐than‐expected Q2 results and the announced resignation of Fed Governor Adriana Kugler contributed to market jitters.