Economic Times US stock market crashes today: Dow, S&P 500, Nasdaq sink deeper into red territory as unemployment hits 4-year high in November — will markets face bigger losses from here?
US stock market crashes today: U.S. stock markets slid into deep red territory on Tuesday as fresh labor data rattled investor confidence. The Dow, S&P 500, and Nasdaq all moved lower after November’s unemployment rate jumped to 4.6%, the highest level in four years, despite payrolls rising by 64,000. Rising joblessness, weak October revisions, and looming inflation data are fueling fears that stocks may face further downside ahead.