Weak US Labor Market Report Causes Stock Market Drop - DAX Drops on Economic Concerns - Apple Exceeds Expectations with Strong iPhone Business - Amazon with Only Modest Growth Outlook - Reddit Surprises with Strong Quarter - Coinbase Plummets After Missing Revenue Forecasts
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Weak US Labor Market Report Causes Stock Market Drop - Federal Reserve Under Pressure to Lower Interest Rates The US stock markets are experiencing significant selling pressure after recent labor market data revealed a marked cooling in employment conditions. The S&P 500 is down 1.62% as investors assess the impact of weaker job figures on the Federal Reserve's monetary policy. Particularly, Amazon.com has come under scrutiny from sellers after the company issued a disappointing earnings forecast. At the same time, concerns about the economic...
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