US stocks suffer sharp losses after August jobs data
Major US stock indexes fell on Friday after a weaker-than-expected US jobs report in August reinforced expectations that the Federal Reserve will cut interest rates sharply in September.
The Dow Jones Industrial Average lost 360 points, or 0.88%, to 40,394.
The S&P 500 fell 91 points, or 1.66%, to 5,412, according to Reuters.
