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Dow futures are on track to fall for a third straight day.
At the time of writing, Dow futures were down 600 points, while S&P 500 futures and Nasdaq futures were down 2.7% and 4.5%, respectively.
This comes after July’s employment report was weaker than expected.
Wall Street fears US futures prices are set to plummet again
U.S. stock futures were on track to fall for a third straight session on Monday as investor concerns that the U.S. economy was weakening were confirmed by Friday’s weaker-than-expected July jobs report, which showed the unemployment rate jumping to 4.3 percent.
Dow futures fell 600 points, or 1.5%, S&P 500 futures fell 2.7% and Nasdaq futures fell 4.5%.
The tech-heavy Nasdaq in particular has been hit hard recently as Wall Street has begun to question the lofty valuations investors have placed on artificial intelligence technology, a technology that has been buoyed by hopes that AI will usher in a new era of booming profits and helped propel the broader market to record highs this year.
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