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Dow Tumbles Over 600 Points Following Jobs Data, Investor Sentiment Weakens Further: Greed Index Remains In 'Fear' Zone
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index remaining in the “Fear” zone on Friday.
U.S. stocks settled lower on Friday, with the Dow Jones index tumbling over 600 points during the session following weak jobs data.
Nonfarm 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.
Amazon.com, Inc.. (NASDAQ:AMZN) shares dipped 8.8% on Friday after the company posted mixed second-quarter financial results ...