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Global Markets Rebound After Taking a Plunge over U.S. Recession Fears

HeadlineAug 06, 2024

In financial news, Japanese shares rebounded today after global stock markets plunged Monday as fears of a U.S. recession triggered a massive sell-off. It was the worst day for the Japanese stock market since a crash in 1987. Stocks also rallied across Europe today. In July, the U.S. added 114,000 jobs, and the unemployment rate rose to 4.3%, a much dimmer report than economists had predicted. Last week, the Fed kept interest rates at a two-decade high, ahead of expected cuts over the fall and winter.

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