The Latest Breaking News from Jobs Report

A weak July jobs report sent stocks tumbling on worries the Fed is behind the curve on rate cuts.

“I am not concerned that, at this moment, we are in a recession,” Claudia Sahm told Fortune, adding that “no one should be in panic mode today, though it appears some might be.”

Wall Street reacted to a negative jobs report and tumbling tech shares on Friday, ending the week with a major selloff questions about a continuing and worsening correction.

US jobs report shows a slowdown in hiring but more manageable inflation, posing challenges for policymakers and the Biden-Harris administration.

US Treasury yields drop below 4%, hinting at Fed rate cuts. Borrowers and homebuyers may benefit from lower interest rates.

US markets decline on weak jobs report, impacting Big Tech companies. Investors turn to bonds for safety amidst recession concerns.

Economists predict 175,000 job gains in July report with steady 4.1% unemployment rate. Fed unlikely to cut rates until September.

September Nasdaq 100 E-Mini futures (NQU24) are trending down -1.81% this morning as fears of a U.S. slowdown and disappointing quarterly results from industry heavyweights such as Intel and Amazon weighed on sentiment, with the focus now shifting to the highly anticipated U.S. payrolls reading due later in the day.

September Nasdaq 100 E-Mini futures (NQU24) are trending down -1.81% this morning as fears of a U.S. slowdown and disappointing quarterly results from industry heavyweights such as Intel and Amazon weighed on sentiment, with the focus now shifting to the highly anticipated U.S. payrolls reading due later in the day.