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US stock market values tumble amid reports of high layoffs and hiring freezes

The S&P 500 index fell 1% as the government shutdown left investors ‘groping around in the dark’ for up-to-date data

Fears that the US economy is slowing, with firms shedding jobs and imposing hiring freezes, sent Wall Street tumbling on Thursday.

The S&P 500 index of leading firms was down 1% as investors also highlighted concerns about the potential for a slump in the value of businesses that have benefited from huge investments in artificial intelligence. The tech-heavy Nasdaq Composite fell 1.5%.

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from The Guardian https://ift.tt/UMg8S7k
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