Friday’s downturn in the U.S. stock market wiped out all the gains the Dow Jones Industrial Average had made since November 5th, coinciding with President-elect Donald Trump securing a second term. Despite this setback, both the S&P 500 and the Nasdaq Composite have held onto their slight leads over that day’s closing figures. Specifically, the Dow had wrapped up November 5th at 42,221.88, but in recent trading, it hovered around 42,064, as per the figures from Dow Jones Market Data.
Adding to the market’s woes, the Dow was on track for its worst performance on a jobs-report day since August 2nd. That was a time when a surprisingly dismal employment report triggered a “growth scare” that set the stage for a hefty global market selloff just days later, on Monday, August 5th.
The S&P 500, Nasdaq Composite, and Russell 2000 didn’t fare much better, each registering their poorest jobs-day showings since September 6th. It’s clear that investors are facing a challenging environment, navigating through these unpredictable market shifts.
