The Dow Jones Industrial Dysfunction Average (DJIA) hit the lowest level at 43,340.68, which was down 1.7% at 10:09 am at around 10:09 ADT (7:40 India time). In the last five sessions, this index has dropped more than 3%.
The S&P 500 index was 1.6% lower while the Nasdaq combined declined around 2% this time.
The CBOE volatility index which is the steps of instability to hit 28% of intraday to hit the high 21.32 of the sessions.
US The two -year yield dropped 17 bps to 3.811% and was on track for its largest daily fall after April, Reuters reports. The benchmark 10-year yield reached 9.3 BPS 4.267%.
Here are 3 reasons for the Friday fall of US stocks:
1) July parole data:
The world’s largest economy created lower jobs in July, raising obstacles that the Federal Reserve will reduce interest rates in its September meeting.
In June, the following revised 14,000 jobs increased by 73,000 jobs in nonfarm payroll last month, reporting data quoting data. Economists voted by Reuters predicted an increase of 110,000 jobs in June 147,000, according to the report that the following was also revised in May.
2) Trump Tariff
Trump will implement a new tariff range within a week with August set an effective date on August. The Levi will apply to dozens of US trade partners, including India. President Donald Trump on Thursday unveiled an import of imports, which is 41% on Syria and 25% -35% on Canadian imports. US There will be 25% tariff on India’s imports.
3) Amazon earnings
Amazon’s stock fell 6% on Nasdaq while Europe fell more than 7% when the company lost the expectations of its cloud computing unit when competitors defeated Wall Street’s forecast.
In the second quarter, its net sales increased 13% to 167.7 billion, compared to $ 148.0 billion in 2024 in the second quarter. Compared to the second quarter 2024, Quarter -Powering Revenue in the second quarter increased by 12% in net sales in the second quarter, excluding $ 1.5 billion in net sales compared to $ 19.2 billion.
Under his Q3 guidance, he said that net sales are expected to be between $ 174.0 billion and $ 179.5 billion, or the third quarter is expected to grow between 10% and 13% compared to 2024. “This guide expects a favorable influence of about 130 basis points from foreign exchange rates,” the company said in the filing of the exchange.
Other large stocks like Apple Pal Ink, American Express, Cisco Systems declined by 2% and 1%.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
(Now you can subscribe to our Etmarkets WhatsApp channel)
