After robust job growth and a drop in the unemployment rate last month, which signal a tight labour market and allow the Federal Reserve more room to delay a significant interest rate hike, US markets continued to fall today.
The Standard & Poor’s index dropped 82. 39 points, or 2. 2 percent, to 3,662. 13 points, while the Dow Jones index down 495. 62 points, or 1. 66 percent, to 2,9431. 32 points.
At 10,729.30 points, the Nasdaq index had a decline of 344.02 points, or 3.11 percent.
Before the eagerly anticipated monthly non-farm payrolls data, Wall Street’s major indexes closed down on Thursday as concerns grew that a sudden Federal Reserve interest rate hike might trigger a recession.
The Standard & Poor’s 500 index decreased by 38. 94 points, or 1. 03 percent, to close at 3,744. 34 points, according to preliminary statistics.
To reach a new high of 11,074. 93 points, the Nasdaq Composite Index dropped 73. 71 points, or 0. 68 percent. 349.04 points, or 1., were lost by the Dow Jones Industrial Average.
83 points, or 15%, to 2,9924.
Friday saw more losses for US markets as “Standard & Poor’s” fell 2.2%.
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