Stock Market Volatility: Dow and Nasdaq Slide on Credit Downgrade and Jobs Data
TL;DR
The stock market experienced a decline as the Dow Jones and Nasdaq both slid, with the Nasdaq Composite leading the way. The drop in stocks came after the U.S. credit was downgraded and amid lackluster earnings reports. Chip stocks also saw a decline following Advanced Micro Devices' second-quarter earnings report. Treasury yields rose, with the 10-year Treasury yield reaching its second-highest closing level this year. Additionally, oil prices fell, and Tupperware's stock continued its volatile ride.
- Stock Market News Today: Dow Slides 200 Points, Nasdaq 300 After U.S. Credit Downgraded The Wall Street Journal
- Dow Jones Slides 225 Points On Debt Downgrade, Strong Jobs Data Investor's Business Daily
- Stocks Hit Session Lows With Nasdaq 100 Down 2%: Markets Wrap Yahoo Finance
- Stock Market Today: Dow, S&P Live Updates for August 2 Bloomberg
- Stock Market Rattled As Nasdaq Tests Key Level; This Stock Roars 21% Investor's Business Daily
- View Full Coverage on Google News
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