US Jobs Data Shakes Up Stock Market 🌐📉

The latest US jobs report has stirred the stock market, especially tech stocks on the NASDAQ. With only 142,000 jobs added in August, missing the expected 165,000, the labor market is cooling, causing uncertainty. The S&P 500 and NASDAQ experienced some of their worst weekly losses this year.

Tech giants like NVIDIA and Amazon took significant hits, dragging down the NASDAQ by 5.5%. Investors are now eyeing the FED for potential rate cuts, which could boost the market. Despite the current volatility, there's optimism that FED actions might stabilize things soon.