Wall Street falls sharply, closing its worst week in nearly 18 months [Los Angeles Times (CA)]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Los Angeles Times
anticipated update on the U.S. job market came in weak enough to add to worries about the economy. The Standard & Poor's 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies led the market lower as worries continue that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6%. The Dow Jones industrial average dropped 410 points, or 1%, after erasing a morning gain of 250 points. Sharp swings also hit the bond market, where Treasury yields tumbled, recovered and then fell again after the jobs report showed U.S. employers hired fewer workers in August than economists expected. It was billed as the most important jobs report of the year, and it showed a second straight month where hiring came in below forecasts. It also followed recent reports showing weakness in manufacturing and some other areas in the economy. Such a softening of the job marke
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SPGI
Earnings
- 7/30/24 - Beat
SPGI
Sec Filings
- 8/9/24 - Form 4
- 8/9/24 - Form 4
- 8/7/24 - Form 144
- SPGI's page on the SEC website