Markets Plunge, Jobs Report Looms, Retail Earnings Ahead

Stock markets endured a challenging day, with major indices closing in the red. The Nasdaq Composite and S and P five hundred both dropped by over one percent, while the Dow Jones Industrial Average slipped by around one point two percent. Investors are bracing for Thursdays jobs report, which will offer an official look at the US labor market and is under intense scrutiny due to recent Federal Reserve statements. Traders have adjusted their expectations for a rate cut next month, with the probability now at forty-five percent. This week also brings earnings reports from major retailers, providing insights into consumer spending habits. In the cryptocurrency world, Bitcoin has experienced significant volatility, dropping from a record high of over one hundred and twenty-six thousand dollars to below ninety-two thousand dollars per token.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.