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No Respite For U.S. Stocks As Markets Close Sharply Lower Amid Global Selloff – Update
A selloff in global markets sparked by U.S. recession fears cascaded across global markets with the Dow Jones Industrial Average down sharply.
Fears of a U.S. recession cascaded across global markets with the Dow Jones Industrial Average down a whopping 1,200 points premarket, off more than 1,000 in early trading. Discovery is down nearly 8% with declines from Disney to Netflix, Apple to Amazon to Roku and across broadcasters, exhibitors and social media. The DOL said unemployment rose by 0.2% to 4.3% in July as hiring slowed to 114,000 jobs added during the month – considerably less than anticipated.
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