A disappointing U.S. jobs report on Aug. 2 threw fuel on the global stock market sell-off, as weak employment data heightened investor fears of an economic slowdown and sent investors running for safety.
European stocks had their worst day in over a year, while Japan’s benchmark Nikkei 225 suffered its biggest points drop since the COVID-19 pandemic, as investors digested news that the U.S. economy added far fewer jobs than predicted and that the unemployment rate jumped above expectations.
