Global markets fall amid concerns over US economic indices
The Labor Department's job vacancy and job turnover survey showed openings fell to 7.67 million in the month, 237,000 less than the June figure.
A pedestrian walks past a board displaying the morning numbers at the Tokyo Stock Exchange.
The New York Stock Exchange was down Wednesday. This comes amid worries about international markets due to poor signs from the U.S. economy.
"In early trading, the main index, the Dow Jones industrials, was close to balance (-0.03%), while the technologyo Nasdaq lost 0.70% and the broader S&P 500 index retreated 0.34%," AFP explained.
Wall Street suffered a sharp drop Tuesday. The Nasdaq dropped 3.26%, the largest fall among the major indexes on the New York Stock Exchange, while the Dow Jones went down 1.51% and the S&P 500 fell 2.12%.
"Nvidia collapsed 9.53% and this Tuesday alone the company lost $280 billion in market capitalization, more than the total value of Toyota, Hermès or Pepsico," explained AFP.
Meanwhile, the Nikkei index of the Tokyo Stock Exchange closed Wednesday down a stark 4.24%. According to AFP data, the benchmark Nikkei 225 index lost 4.24% to 37,047.61 points, while the broader Topix index ended down 3.65% at 2,633.49 points.
Another bit of news that generated fears in the economy was data on job vacancies, which fell more than expected in July. The Labor Department's Job Vacancies and Labor Turnover Survey showed that openings fell to 7.67 million in the month, 237,000 fewer than the June figure. This is the lowest level since January 2021.
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