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The Dow is moving into negative territory. From Selling Pressure on Tech Stocks After Rising During Market Open Get more US employment numbers than expected.
At 9:36 p.m. Thai time, the Dow Jones Industrial Average stood at 27,874.72 points, falling 418.01 points or -1.48%.
The S&P 500 fell 2.27% and the Nasdaq fell 3.96%.
Trading has come under pressure from tech stocks that continue to sell. Shares of Apple fell 4.9 percent after falling 8 percent yesterday, while Facebook, Netflix and Amazon fell 2.5 percent.
Shares of Tesla fell 2.4 percent after falling 9 percent yesterday.
Bank stocks rose. By JP Morgan Chase and Bank of America, plus 2.5%
Bureau of Labor Statistics US Department of Labor Today reports that Non-Farm Payrolls increased by 1.4 million in August. It was higher than analysts had forecast at 1.255 billion, reflecting the recovery in economic activity after the disruption of the impact of the COVID-19 lockdown measure. In the previous period
However, August employment figures slowed from a 1.73 million rise in July. And down from a 4.79 increase in June.
The unemployment rate in August fell to 8.4% from 10.2% in July, while analysts expected 9.8%, the first time since March that the unemployment rate in the United States was below 10 .% However, the unemployment rate remains high compared to the pre-COVID record. The unemployment rate stood at 3.5 percent in February, a 50-year low.
The Dow Jones closed last night 807.77 points or -2.78%, the biggest drop in months. The S&P 500 and the Nasdaq also fell. After pushing ahead to make New Hai for several days Investors have turned to tech stocks that have risen dramatically in the past.
