Stocks Tumble: Job Data Revised, Dimon's Warning
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Wall Street Wobbles: Job Data Revision and Jamie Dimon's Warning Trigger Market Jitters! Stocks stumbled after a major jobs data revision revealed 911,000 fewer jobs added than previously reported, sparking fears of a weakening economy. JPMorgan Chase CEO Jamie Dimon added fuel to the fire with his cautious outlook. Renewable energy, home construction, and farming equipment stocks took a hit, while Perma-Fix plunged over 26%. Despite the downturn, some experts eye fast-growing enterprise software companies as potential long-term winners, echoing the rise of tech giants like Microsoft and Apple. Hosted on Acast. See acast.com/privacy for more information.