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Dow Jones Slides on Weak Jobs Data as Trump Warns on Trade
Dow Jones Slides on Weak Jobs Data as Trump Warns on Trade
19
3
BTCCSquare news:
The Dow Jones Industrial Average retreated following a double dose of negative economic indicators. July's JOLTS report showed layoffs climbing to 1.808 million - significantly above forecasts - while job openings contracted to 7.181 million. These labor market weaknesses have strengthened the case for Fed rate cuts, with Governor Christopher Waller warning of nonlinear deterioration in employment conditions.
Trade tensions resurfaced as President TRUMP threatened to unravel agreements with the EU, South Korea and Japan if legal challenges to his tariff policies succeed. The appeals court ruling against the administration's trade measures remains in effect until mid-October, creating additional uncertainty for markets.
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