Wall Street falls after weak US jobs report

by Pelican Press
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Wall Street falls after weak US jobs report

The Nasdaq Composite appears set to plunge into a correction, falling more than 10 per cent from its July peak after weak employment numbers aggravated worries of a slowdown in the US economy, while Amazon and Intel’s downbeat forecasts dampened sentiment.

The S&P 500 hit its lowest level since July 11 and the Dow was on track for its biggest two-day percentage fall since early March 2023.

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