U.S. markets fell Wednesday as July private-sector jobs numbers fell below analysts' expectations amid surging COVID-19 cases. File Photo by John Angelillo/UPI | License Photo Aug. 4 (UPI) -- The Dow Jones Industrial Average fell more than 300 points on Wednesday amid disappointing jobs data. The blue-chip index dropped 323.73 points, or 0.92% and the S&P…
The blue-chip index dropped 323.73 points, or 0.92% and the S&P 500 slid 0.46%. The tech-heavy Nasdaq Composite gained 0.13%.
Markets reacted to a report by ADP and Moody’s Analytics, which found that the U.S. economy added 330,000 private-sector jobs in July, falling short of analysts’ expectations of 653,000 new private jobs in July. It was also down significantly from 680,000 jobs added in June and the lowest monthly total for private payrolls since February.
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