On Friday, August 2, the U.S. stock markets closed lower, with the Nasdaq Composite entering correction territory. A disappointing jobs report fueled recession fears. Investors reacted negatively, signaling a shift in sentiment where bad economic news is viewed as a genuine concern rather than a potential trigger for Federal Reserve easing. In economic data, the Labor Department reported a gain of 114,000 jobs last month, falling short of the 175,000 forecast and the 200,000 needed to match population growth. The unemployment rate rose to 4.3%, near a three-year high, heightening concerns about a rapidly slowing economy. Only consumer staples, utilities, and real estate posted gains among the 11 major S&P 500 sectors. Consumer discretionary led declines, with Amazon seeing its largest two-day drop since June 2022. The Dow Jones Industrial Average was down 1.51% and closed at 39,737.26. The S&P 500 declined 1.84%, ending the day at 5,346.56, and the Nasdaq Composite slid 2.43%, finishing the session at 16,776.16. Asia Markets Today On Monday, Japan’s Nikkei 225 ...