Wall Street Live: Nasdaq, S&P 500, Dow Jones slump after weak jobs data

view original post

Wall Street stock indices slumped on Friday after weak jobs data fuelled worries about the US economy amid stiffer tariffs on American trading partners.

The Labor Department said the US economy added just 73,000 jobs in July while revising lower the figures for May and June.

In the early trading, the Dow Jones Industrial Average was down 1.5% at 43,477.54. The S&P 500 declined 1.7% to 6,231.49, while the tech-rich Nasdaq Composite Index tumbled 2.3% to 20,644.16.