The US stock markets recorded declines at the end of the week’s trading today, Friday, the third of June (June), after data that came less than expectations from the American labor market, while the Nasdaq index leads the losses of economic indicators after strong declines in technology companies.
The American economy had announced the addition of 390 thousand jobs in May, compared to the addition of 428 thousand jobs in April, while the unemployment rates stabilized at 3.6% levels unchanged, coinciding with the stability of participation rates in the labor force at 62.3%.
In terms of stock movement, Tesla shares are declining and losing more than 10% after Elon Musk announced that he is considering cutting jobs in the company because he has a bad feeling about the state of the economy.
The Dow Jones Industrial Average is losing about 0.8%, trading at 32.964 points, while the S&P500 index is trading at 4.135, down by 1%, and the Nasdaq is losing about 1.5% and trading at 12.129 levels.