The Economic Times News

Dow Jones today moving toward historic loss: Why is Dow down as jobs data, Fed signals rattle US stock market

Dow Jones today heads toward steep losses: Dow Jones Industrial Average slid 368 points to 48,048, extending losses as investors digested mixed U.S. jobs data. November payrolls rose 64,000, but unemployment jumped to 4.6%, the highest since 2021. With the Fed signaling caution on rate cuts, markets turned defensivesetting up more volatility ahead.