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13 May 2025 10:43
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      Home > News > Business

    Fear is back in the air on Wall Street

    Fear is back in the air on Wall Street

    3 August 2024
    Stocks tumbled yesterday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected.

    The blue-chip Dow Jones Industrial Average plunged more than 980 points, in early trade before paring its losses, to close down 611 points.

    The Nasdaq Composite slid 2.4%, fueled by disappointing quarterly earnings from bellwethers such as Amazon, Intel and Tesla.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     13 May: The Government's refusing to budge on an Auckland bed tax
     13 May: Economists are keeping a close eye on how global trade uncertainty plays out
     12 May: More than 850 million dollars is still owing in loans through the Covid Small Business Cashflow Scheme - issued in 2020
     12 May: Why a job 'that's just a job' works for these people
     12 May: More than 2600 grocery items jumped up in price last month
     12 May: Organised crime, cash jobs, and underreported income are making up New Zealand's black market
     10 May: The UK and the US have sealed a new tariff deal
     Top Stories

    RUGBY RUGBY
    A bold tyre strategy has paid off for Supercars driver Matt Payne after winning race three of the Tasmania Super 440 by the third-closest margin the sport's history More...

    BUSINESS BUSINESS
    The Government's refusing to budge on an Auckland bed tax More...


     Today's News

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     National:
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     Politics:
    A looming workforce crisis in NZ tourism and hospitality threatens industry growth plans 10:27

     Politics:
    Labour's once again eyeing up major changes to New Zealand's tax system 10:27

     National:
    Antarctica has a huge, completely hidden mountain range. New data reveals its birth over 500 million years ago 10:17

     Entertainment:
    Megan Fox and Machine Gun Kelly are "absolutely not getting back together at this point in time" 10:07

     National:
    Trump heads to the Gulf aiming to bolster trade ties – but side talks on Tehran, Gaza could drive a wedge between US and Israel 10:07

     Living & Travel:
    Will Pope Leo XIV follow Pope Francis' lead when it comes to interfaith dialogue? 10:07

     Law and Order:
    Opening statements have begun in New York for the sex-trafficking trial of hip hop mogul Sean 'Diddy' Combs 10:07

     Entertainment:
    Terry Crews fasts until 2pm every single day 9:37

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