Fears of a recession grow as stocks decline and the Nasdaq confirms a correction

Why does Nasdaq confirm a correction?

The Labor Department reports that nonfarm payrolls increased by 114,000 positions in the previous month.

Which Indices saw losses?

Amazon, which fell 8.79%, and Intel, which fell 26.06% following their quarterly reports and underwhelming projections, added to the negative pressure.

Only the Apple saw a growth

On the NYSE, declining issues outnumbered advancers by a ratio of 2.92 to 1, while on the Nasdaq, the ratio was 4.52 to 1.

14.75 billion shares were traded on US exchanges throughout the full session, compared to an average of 11.97 billion for the previous 20 trading days.

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