The Dow Jones Industrial Average (Djia) reached the low point of the day of 43,340.68, fell by 1.7% around 10:09 am Edt (7:40 India Time). In the past five sessions, this index has fallen by more than 3%.
The S&P 500 index was 1.6% lower, while the Nasdaq composite fell by 2% around this time.
The CBOE volatility index that is the benchmark for volatility, shot 28% Intraday to hit the high of the sessions of 21.32.
US Two-Year Rendts fell 17 BPS to 3.811% and were on schedule for the biggest daily fall since April, according to Reuters Report. The benchmark 10-year proceeds fell 9.3 BP to 4.267%.
Here are 3 reasons for the fall of US Stocks’ Friday:
1) Payroll -Data in July:
The world’s largest economy created fewer jobs than expected in July, which will increase the chance that the Federal Reserve will lower interest rates during its meeting in September. Economists who were questioned by Reuters had predicted the wage lists that increased by 110,000 jobs after an increase with a previously reported 147,000 in June, according to the report, in which it was emphasized that May was also revised down.
2) Trump rates
A series of new rates will come into effect in a week with Trump who sets the effective date on 7 August. The levy will apply to dozens of trading partners from us, including India. President Donald Trump revealed a range of import duties on Thursday that vary from 41% on Syria and 25% -35% on Canadian import. There will be a rate of 25% for the import from India to the US.
3) The income of Amazon
The shares of Amazon fell by 6% on Nasdaq, while it dropped in Europe after the company had missed the expectations for his cloud computing unit when the competitors Wall Street predictions had defeated.
The net turnover rose by 13% to $ 167.7 billion in the second quarter, compared to $ 148.0 billion in the second quarter of 2024. Excluding the favorable impact of $ 1.5 billion of year-on-year changes in the entire quarterly, the net turnover with the second. Compared to $ 14.7 billion in the second quarter of 2024.
In his Q3 guidelines it said that the net turnover is expected to be between $ 174.0 billion and $ 179.5 billion, or between 10% and 13% grow compared to the third quarter of 2024. “These guidelines anticipate a favorable impact of approximately 130 basic points of foreign exchange rates.
Other large shares such as Apple Inc, American Express, Cisco systems fell between 2% and 1%.
(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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