What caused the US markets to tumble last week?

The US markets, including the Dow Jones, S&P 500, and NASDAQ, tumbled over 2% last week due to the release of weak jobs data on Friday.

How did the weak jobs report impact the US dollar and Treasury yields?

The weak jobs report caused the US dollar index and the 10-year Treasury yield to fall sharply, further fueling concerns about a potential economic slowdown.

What is the outlook for the US markets going forward?

The article suggests that the US markets may continue to trade under pressure, with the Dow Jones potentially falling to the 43,000-42,800 region, which is seen as a strong support level. However, a bounce from this level could indicate an inverted head and shoulder bullish pattern, keeping the broader bullish view intact.

Home / Business and Economy / US Markets Plummet Amid Dismal Jobs Data, Recession Fears Grow

US Markets Plummet Amid Dismal Jobs Data, Recession Fears Grow

2 Aug

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Summary

Dow Jones, S&P 500, and NASDAQ fall over 2% last week
Weak jobs data release on Friday accelerated the market decline
Dollar index and US 10-year Treasury yield also fell sharply

US Markets Plummet Amid Dismal Jobs Data, Recession Fears Grow

On August 2, 2025, the US stock market experienced a significant downturn, with the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite index each falling over 2% in the previous week. The primary catalyst for this market turmoil was the release of weak jobs data on Friday, which exacerbated the ongoing sell-off.

The jobs report showed that the US economy added only 73,000 jobs in July, a sharp decline from the previous month's figures, which were also revised downward significantly. This unexpected weakness in the labor market has raised concerns about the broader economic outlook, leading to increased speculation about the Federal Reserve's future monetary policy decisions.

Alongside the equity market's decline, the US dollar index and the 10-year Treasury yield also took a hit on Friday, further fueling fears of an impending economic slowdown. Investors are now closely watching the markets to see if the recent downward trend will continue or if a reversal is on the horizon.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.