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Nasdaq Tumbles 3%; US Economy Adds 114,000 Jobs In July
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dipping more than 500 points on Friday.
The Dow traded down 2.26% to 39,435.67 while the NASDAQ fell 2.98% to 16,682.31. The S&P 500 also fell, dropping, 2.52% to 5,309.54.
Leading and Lagging SectorsReal estate shares fell by just 0.5% on Friday.
In trading on Thursday, consumer discretionary shares dipped by 5.7%.
Top HeadlineNonfarm payrolls came in at 114,000 last month, a slowdown of 65,000 from June, and well below the economist consensus estimate of 175,000 according to TradingEconomics.
The unemployment rate rose from 4.1% to 4.3%, contrary to expectations of it remaining unchanged.
Equities Trading UP
VSee Health, Inc. (NASDAQ:VSEE) shares shot up 116% to $5.24 after the company announced an agreement with Ava Robotics to develop telepresence solutions for the inpatient intensive care market.
Shares of Exicure, Inc. ...