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11 Jan 2025

Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries

Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries#YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com US stocks plunged on Friday as investors digested the final jobs report of 2024. The data blew past expectations on hiring, raising more uncertainty about the path of interest rates this year. 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. The Dow lost 1.1% for the week, the S&P lost 0.7%, and the Nasdaq decreased by 0.6%. The December nonfarm payrolls report showed a very healthy labor market: T

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