Stock market today: Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries
The Dow Jones Industrial Average ( ^DJI) sank about 1.6%, or close to 700 points, while the S&P 500 ( ^GSPC) also fell 1.5%. The tech-heavy Nasdaq Composite ( ^IXIC) tumbled 1.6%. The three major gauges erased all year-to-date gains with Friday's pullback.
Stock market plunges after better-than-expected December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
Global stocks fell while U.S. Treasury yields rose on Friday after a stronger-than-expected jobs data reinforced expectations ...
U.S. stock futures leaned lower Friday on concern over possible export restrictions on Nvidia, ahead of key data on the jobs ...
The last jobs report of 2024 is due this morning. Follow along for live analysis of the December payroll data. Get updates on stocks and other markets, including the Dow Jones Industrial Average, S&P ...
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
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