US Stock Markets Face Worst Week in 18 Months
Tech sector declines and weak jobs report contribute to significant losses across major indexes.
- The S&P 500 fell 1.7% on Friday, marking a 4.2% drop for the week.
- Nasdaq composite declined 2.6% on Friday, totaling a 5.8% loss for the week.
- Dow Jones Industrial Average dropped 1% on Friday, down 2.9% for the week.
- Weak August jobs report and tech sector concerns, particularly in semiconductors, fueled market volatility.
- Analysts predict continued market turbulence amid economic uncertainty and political factors.