Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    MARA’s $850m offering, Subzero Labs’ $20m

    August 3, 2025

    Dow Jones down 600 points as rate cuts odds surge on hiring slump

    August 3, 2025

    Elliot Wave points to Chainlink price rebound as whales buy

    August 3, 2025
    Facebook X (Twitter) Instagram
    Cryptify Now
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    X (Twitter) Instagram YouTube LinkedIn
    Cryptify Now
    You are at:Home » Dow Jones down 600 points as rate cuts odds surge on hiring slump
    Crypto

    Dow Jones down 600 points as rate cuts odds surge on hiring slump

    James WilsonBy James WilsonAugust 3, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    U.S. stock indices fell as weak jobs data spooked investors, despite earnings beats from Apple and Amazon.

    Summary

    • Dow Jones fell more than 600 points on weak jobs data.
    • Apple stock fell despite strong earnings.
    • Fed may have to lower interest rates to boost hiring.

    Weak jobs data hit stocks hard, despite improving odds of the Federal Reserve cutting interest rates. On Friday, April 1, the Dow Jones dropped 620 points, or 1.42%, while the S&P 500 lost 1.75%. At the same time, the tech-heavy Nasdaq declined as much as 2.33%. The main driver of the declines was July’s labor market report, which showed just 73,000 new jobs versus the expected 104,000.

    Tech stocks were among the biggest losers, and even Apple fell 2.5% despite strong earnings. The tech giant reported its highest revenue growth since December 2021. The report indicated that U.S. consumers continued spending despite inflation concerns stemming from the trade war. Apple also stated it plans to significantly increase its investment in AI.

    Dow Jones Industrial Average heatmap
    Dow Jones Industrial Average heatmap | Source: TipRanks

    Amazon’s earnings also exceeded expectations, with earnings per share of $1.68 compared to the $1.33 estimate. However, the company’s third-quarter guidance was relatively modest. This fell short of investor expectations, especially following the company’s multibillion-dollar investment in AI. As a result, its stock was among the biggest losers, falling 8%.

    Fed may have to cut rates on weak jobs data

    While tech stocks took a beating, there may be a silver lining. Specifically, the weak labor market could force the Federal Reserve to cut interest rates. CME FedWatch futures markets are now pricing in an 83% chance of a rate cut in September, up sharply from 38% just a day earlier—likely due to the disappointing employment data.

    The Fed has a dual mandate to maintain low inflation and high employment. So far, the central bank has resisted pressure from President Donald Trump’s White House to lower rates, despite a split among FOMC members.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleElliot Wave points to Chainlink price rebound as whales buy
    Next Article MARA’s $850m offering, Subzero Labs’ $20m
    James Wilson

    Related Posts

    MARA’s $850m offering, Subzero Labs’ $20m

    August 3, 2025

    Elliot Wave points to Chainlink price rebound as whales buy

    August 3, 2025

    17% burn sparks 30× target

    August 3, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Remittix (RTX) hits $4m presale as XRP holders take notice

    February 4, 2025

    Here’s why OKB price spiked 20% today

    February 4, 2025

    iDEGEN price prediction: Is this the AI agent token to buy?

    February 4, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    February 4, 2025
    Don't Miss

    MARA’s $850m offering, Subzero Labs’ $20m

    By James WilsonAugust 3, 2025

    A wave of high-profile raises last week—totaling nearly $2 billion—signals institutional confidence in digital assets,…

    Dow Jones down 600 points as rate cuts odds surge on hiring slump

    August 3, 2025

    Elliot Wave points to Chainlink price rebound as whales buy

    August 3, 2025

    17% burn sparks 30× target

    August 3, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    CryptifyNow: Your daily source for the latest insights, news, and analysis in the ever-evolving world of cryptocurrency.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    MARA’s $850m offering, Subzero Labs’ $20m

    August 3, 2025

    Dow Jones down 600 points as rate cuts odds surge on hiring slump

    August 3, 2025

    Elliot Wave points to Chainlink price rebound as whales buy

    August 3, 2025
    Lithosphere News Releases

    Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

    February 4, 2025

    AGII Transforms Web3 Infrastructure with AI-Optimized Smart Contracts

    February 4, 2025

    Colle AI (COLLE) Allocates $250M for AI Tool Development and Liquidity Growth on Solana

    February 4, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.