Dow drops 900 after weak jobs report
Stocks are tumbling Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.
The S&P 500 was sinking by 2.5% in midday trading, potentially on pace for its worst day since 2022, and on track for its first back-to-back loss of more than 1% since April. The Dow Jones Industrial Average was down 954 points, or 2.4%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 2.9% lower as a sell-off for stocks whipped all the way around the world back to Wall Street.
