About: http://data.cimple.eu/news-article/c4bc451454ace074886c94d3eefe6ccd0999690cb5c2c7f99af5233a

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/c4bc451454ace074886c94d3eefe6ccd0999690cb5c2c7f99af5233a Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks were solidly lower at midday Friday, with tech shares again tumbling, shrugging off data showing the US unemployment rate dropping much more than expected in August. Near 1620 GMT, the tech-rich Nasdaq Composite Index was down 2.3 percent at 11,195.71, adding to the losses from Thursday's 5.0 percent rout. The Dow Jones Industrial Average shed 1.4 percent to 27,903.57, while the broad-based S&P 500 dropped 1.6 percent to 3,399.91. The jobless rate fell to 8.4 percent, the first reading below 10 percent since the coronavirus pandemic struck, while the economy added 1.4 million jobs last month, the Labor Department report showed. But stocks remained under pressure following a series of records in August, with Amazon, Facebook and other tech giants losing more than three percent. The relatively better performance of financial shares Friday was evidence of a rotation in the market, Peter Cardillo of Spartan Capital Securities said. "Today is the Friday before a long weekend," Cardillo said. "People are selling and ignoring the macro news." After a strong summer that saw US indices enjoy their best August in decades, equities tumbled on Thursday with high-flying tech shares leading the market lower as investors cashed in on the big gains. Some analysts have described the stock market as divorced from economic fundamentals, with unemployment still at historically high levels even with Friday's better-than-expected data. "The markets were due for a sell-off -- let's be honest," TD Ameritrade's JJ Kinahan said in a note late Thursday following the rout. jmb/cs
schema:headline	US stocks fall again with tech shares tumbling
schema:mentions	Judge S&P 500 Index Stock Dow Jones Industrial Average Stock market Prime Video Australian Labor Party Pandemic Facebook Coronavirus Christy Kinahan TD Ameritrade Macroeconomics NASDAQ Composite Greenwich Mean Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	57 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software