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A slew of weaker-than-expected economic data, highlighted by July's jobs report triggering a closely watched recession indicator, has sent the stock market tumbling.
Across the first two days of August, the S&P 500 (^GSPC) is down nearly 4% while the Nasdaq Composite (^IXIC) is down more than 5%. The moves extended a previous drawdown in the Nasdaq, with the index entering a correction after falling more than 10% from its latest high reached in mid-July.
"Markets seem to be treating bad news a...
>>> Read more: Stocks hammered after this week's labor data shows investors treating 'bad news as bad news'
Across the first two days of August, the S&P 500 (^GSPC) is down nearly 4% while the Nasdaq Composite (^IXIC) is down more than 5%. The moves extended a previous drawdown in the Nasdaq, with the index entering a correction after falling more than 10% from its latest high reached in mid-July.
"Markets seem to be treating bad news a...
>>> Read more: Stocks hammered after this week's labor data shows investors treating 'bad news as bad news'
