Stocks have continued to fall for an entire week after reports stating that the employment data drastically missed expectations, according to CNBC.
The report led to concerns that the global economy might be slowing down, something that now contributes to the Dow’s second weekly decline of the year. The Dow Jones Industrial Average fell 22.99 to 25,450.24, while both the S&P and the Nasdaq Composite fell .02%, and those weren’t the lowest days.
The change in the market was blamed on a report from the U.S. government that shared how the U.S. economy only added 20,000 jobs in the last month, which marked a massive decline and stark opposite of the Dow’s expectation of 180,000 new jobs being created.
Fears of a global slow down economically are also shared by China whose data shows its exports slumped over 20% from 2018.