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Wall Street Wipeout: $1.1 Trillion Lost as Trump Fires Top Statistician Over Jobs Report

2025-08-02 14:14:40

Main Idea

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Description

On Aug. 1, U.S. stocks lost $1.1 trillion, with the Dow Jones Industrial Average dropping over 500 points (1.2%), the S&P 500 falling 1.6%, and the Nasdaq Composite declining around 2.2%. Disappointing Jobs Report Rouses Fears U.S. stocks lost $1.1 trillion on Friday, Aug. 1, capping a tumultuous day that saw President Donald Trump reportedly

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