Cooling job market, slowing manufacturing and tumbling stock market have led to big tech sell-offs
US investors triggered a major sell-off on Wall Street on Thursday set off by fears that the job market is cooling, manufacturing is slowing and the Federal Reserve has left cutting interests too late to head off a recession.
The Dow Jones fell nearly 500 points (1.2%), while the S&P 500 was also down 1.3%. A series of disappointing results from tech companies have led to sell-offs in big tech.
About Author
More Stories
Ripe for the picking? Irish wine on the up – but ‘nobody will retire rich’
Elon Musk says all human data for AI training ‘exhausted’
Bezos’s Blue Origin schedules, then delays first orbital launch