Major stock indexes in the United States ended Friday's trading session with sharp losses as investors assessed the latest jobs report, which showed that nonfarm payrolls increased by 142,000 in August, but fell short of analysts' expectations. However, President Joe Biden praised the report as positive, noting that investment in the country is increasing and millions of people are opening small businesses, which he considers "acts of hope and confidence."
The Dow Jones plummeted by 1.01% or 410 points at the close, as Amazon.com Inc. declined by 3.65%. The Nasdaq 100 shrank by 2.69% and the S&P 500 dipped by 1.72%, with Broadcom Inc. dragging both indexes down with a drop of 10.36%.
The euro was down 0.21% against the dollar at 3:59 pm ET, selling for $1.10876.
