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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.
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