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16 Jan 2025 3:52
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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
     15 Jan: Auckland-based labour recruitment firm ProLink NZ is facing estimated debt of 3.8 million dollars
     15 Jan: Inflation has eased, but the price of many household essentials continues to rise
     15 Jan: Good news for dairy farmers - not so good for everyone else
     15 Jan: Another sign of hope on the horizon for jobseekers
     15 Jan: Businesses are feeling optimistic they could be in for a better 2025
     15 Jan: Expect to pay more at the pump in the near future
     14 Jan: The Finance Minister's welcoming a more positive outlook from businesses
     Top Stories

    RUGBY RUGBY
    Mount Maunganui's Bay Oval will play host to a Super Rugby fixture for the first time later this year More...

    BUSINESS BUSINESS
    Auckland-based labour recruitment firm ProLink NZ is facing estimated debt of 3.8 million dollars More...


     Today's News

    		 International:
    Possible deal for Gaza ceasefire and release of hostages at the 'closest point' yet, officials say 23:27

     Politics:
    US firms up crackdown on cars containing Chinese technology amid security fears 22:27

     Law and Order:
    Police are looking an 89 year old woman whose been reported missing in Auckland's Saint Johns area 21:57

     Entertainment:
    Ashley Tisdale has thanked celebrity pals in her "mom group" for supporting her during "dark moments" 21:35

     Law and Order:
    A fleeing driver - who sent a police officer flying - and sped away from the scene has been sentenced 21:17

     Law and Order:
    South Korean authorities detain impeached President Yoon Suk Yeol — as it happened 21:07

     Entertainment:
    Rick Astley was a "complete mess" after wearing a space suit to Sir Elton John's birthday party 21:05

     Entertainment:
    Mollie King finds being a mother of two "daunting" 20:35

     Entertainment:
    The Game has been helping firefighters on the ground in Los Angeles 20:05

     Entertainment:
    Taylor Kitsch is opening a nature retreat in honour of his sister getting sober 19:35

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