Wall Street headed sharply lower again after Japan's Nikkei index tumbles to worst loss since 1987
www.voanews.com
S&P 500 futures are down 3.1% and Nasdaq futures are sinking 4.7%
  • @kescusayEnglish
    16•3 months ago

    I will never understand why some people think the stock market is predictable. Or sane.

    This particular downturn seems to have been caused by a jobs report showing that the U.S. added plenty of new jobs this quarter. Oh wait, excuse me, let me rephrase that… The U.S. added plenty of new jobs, but not as many as economists were predicting.

    And apparently, that’s enough reason to freak the fuck out and sell all your stock for a lot of investors.

    • @EmpathicVagrant
      1•3 months ago

      Every company I’ve worked with in the last ten years has been cutting jobs, rather than staffing out they prefer skeleton crews.