Stocks Get Slammed After Weak Jobs Data

MRKT Matrix - Friday, August 2nd Dow closes down 600 points, Nasdaq enters correction after weak jobs report (CNBC) Intel heads for worst day on Wall Street in 50 years, falls to lowest price in over a decade (CNBC) Big Tech Fails to Convince Wall Street That AI Is Paying Off (Bloomberg) How Apple Earnings Made Its Stock the Safe Play in Tech (Barron's) Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3% (CNBC) JPMorgan, Citi See Fed Dealing Two Half-Point Rate Cuts in 2024 (Bloomberg) A $1 Trillion Time Bomb Is Ticking in the Housing Market (Bloomberg) --- Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs Learn more about your ad choices. Visit megaphone.fm/adchoices