Sell-off:
All major indexes saw losses on Thursday due to recession fears.
The Dow Jones dropped nearly 500 points, the S&P 500 fell 1.37%, and the Nasdaq declined 2.3%.
Jobs Data:
July’s nonfarm payrolls report will be released, expecting 185,000 new jobs and an unemployment rate of 4.1%.Average hourly earnings are projected to rise by 0.3% month-over-month and 3.7% year-over-year.
Earnings Reports:
Apple reported better-than-expected fiscal Q3 earnings.
Amazon missed revenue expectations and provided a disappointing Q3 forecast.
Prisoner Swap:
A multinational prisoner swap resulted in the release of Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan.
Heat at the Olympics:
The Paris Olympics are experiencing extreme heat, affecting athletes, including U.S. gymnast Simone Biles and British tennis player Jack Draper.
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All major indexes saw losses on Thursday due to recession fears.
The Dow Jones dropped nearly 500 points, the S&P 500 fell 1.37%, and the Nasdaq declined 2.3%.
Jobs Data:
July’s nonfarm payrolls report will be released, expecting 185,000 new jobs and an unemployment rate of 4.1%.Average hourly earnings are projected to rise by 0.3% month-over-month and 3.7% year-over-year.
Earnings Reports:
Apple reported better-than-expected fiscal Q3 earnings.
Amazon missed revenue expectations and provided a disappointing Q3 forecast.
Prisoner Swap:
A multinational prisoner swap resulted in the release of Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan.
Heat at the Olympics:
The Paris Olympics are experiencing extreme heat, affecting athletes, including U.S. gymnast Simone Biles and British tennis player Jack Draper.
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