Stock Market Today: Nasdaq Tumbling, Dow Set to Open Down ...
5 Aug 2024
Barron's
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Dow, S&P 500, and Nasdaq futures are dropping in premarket trading Monday as the stock market faces a difficult start to the week.
The Nasdaq is leading markets lower in premarket trading as futures drop early Monday, led by technology stocks, after a big retreat on Friday.
Shares are slumping worldwide as traders are worrying that the U.S. economy could suffer a sharp slowdown after worse-than-expected jobs data last week. The fear is that any interest-rate cuts from the Federal Reserve may come too late to bolster growth. Japan’s Nikkei index suffered its worst one-day drop since 1987 on Monday.