Randy Jones - Stock Market

Fears of a U.S. recession were sparked this week as global markets tanked on Monday. Japan's main stock-market index sunk 12.4% yesterday (Monday), while US stock futures were also lower. It’s the biggest fall of Japan’s main index since 1987. US stock markets sunk at the end of last week as investors evaluated disappointing earnings from several major Big Tech companies and a dismal U.S. jobs report. July employment numbers showed weak job creation and the highest unemployment rate since October 2021. Wall Street saw levels not reached since June 2020, with NASDAQ’s futures falling as much as 4% preopen. Randy is a Wealth Management Advisor at First Financial Group.