US Markets Drop on Job Data and Tech Valuation Concerns
TL;DR
A private report revealed October saw the highest layoffs since 2008, contributing to a stock selloff and bond rally amid limited official economic data due to the U.S. government shutdown, raising concerns about the labor market's health and its impact on the stock market.
- Why this often-overlooked report on the state of the labor market contributed to Thursday’s stock selloff MarketWatch
- Stock market today: Dow, S&P 500, Nasdaq sink as valuation concerns mount amid bleak jobs data Yahoo Finance
- Dow stumbles and tech stocks slide as volatility picks up on Wall Street CNN
- US markets tumble amid Wall Street concern over job losses and AI The Guardian
- Wall Street ends lower on tech valuations, economic jitters Reuters
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