Seems to be reducing. But there are also concerns about the wider us economy that led to a wider sell off on us markets, as Ritika Gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicat
August meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a Sell Off early last month. The action comes ahead of us governments augustjobs report,
Below 50, then it s going to continue to grow within the end of the year. Continue to grow within the end of the year of the year. Let s turn our attention of the year. Let s turn our attention to of the year. Let s turn our attention to us, of the year. Let s turn our attention to us, the of the year. Let s turn our attention to us, the jobsl attention to us, thejobs data, that s out this friday. Will that s out this friday. Will that have any impact on what the fed decides to do. We know they re meeting in the next few weeks. , ,~ weeks. The highest risk economic weeks. The highest risk economic event so weeks. The highest risk economic event so far. | weeks. The highest risk economic event so far. Because what we have seen so far, august was unprecedented for some global markets and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that there is rocks are falling and the
Let s turn our attention to us as well and talk about the us jobs data, that s out this friday. Will that have any impact on what the fed decides to do? we know they re meeting in a few weeks. We are looking at potentially the highest risk economic event of the year so far. Because what we have seen so far, august was unprecedented for some global markets volatility and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that those rocks are falling and the momentum is falling with it. We do expect the fed, the us central bank, to cut interest rate this month but what s concerning is that fed policy makers have had a poker face of not giving too much away until recently. We had a weak economic data release for the monthly jobs report in august and we have also seen a data revision where up to 850,000 jobs were potentially overestimated between april of last year and march of this yea
And we also ask for the rest of the world to support israel to stand with us because there is no time. Protesters also took over the streets ofjerusalem, including outside prime minister netanyahu s office. 0ur middle east correspondent lucy williamson reports now from jerusalem. Hamas would protect them as assets, the argument went. These younger, fitter hostages were the ones who would survive. Instead, israel s army says they were shot by hamas in a tunnel under rafah as israeli forces battled above them. Almog seroussi, alexander lobanov, 0ri danino, eden yerushalmi, whose last words to her sister were, they ve caught me. And hersh goldberg polin, a 23 year old us israeli citizen, and carmel gat, a therapist who was described by other hostages as their guardian angel. Carmel s family said she and hersh were due to be released in a deal outlined in july. Her cousin today inconsolable. It s too late for us. It s too late for carmel. I will never hug her again. But 101 people can stil