The Dow Jones Industrial Average dropped 1,034 points from Monday’s opening, or 2.6%. The Nasdaq Composite lost 3.4%, and the S&P 500 dropped 3%.<\/p>\n\n\n\n
U.S. stock markets dropped massively by the end of its business day on Monday, marking one of the worst days for the market since 2022.<\/p>\n\n\n\n
The Dow Jones Industrial Average dropped 1,034 points from Monday’s opening, or 2.6%. The Nasdaq Composite lost 3.4%, and the S&P 500 dropped 3%, according to CNBC.<\/u><\/a><\/p>\n\n\n\n The sudden drop comes after July’s labor report showed<\/u><\/a> the U.S. economy only added 114,000 jobs last month, and the unemployment rate increased to 4.3%, compared to 4.1% in June.<\/p>\n\n\n\n Dow Jones also closed 600 points lower than it had opened on Friday, which was directly after the jobs report came out. The Nasdaq Composite had slipped into correction<\/u><\/a> territory on Friday, which is when a market falls more than 10% from a recent high.<\/p>\n\n\n\n Monday’s results are only the 15th time the Dow has shed more than 1,000 points in a single session, according to FactSet data obtained by CNN<\/u><\/a>.<\/p>\n\n\n\n