Stocks plunge amid fears of US economy 'collapse' - here's what it will mean for YOU
Stocks sunk on Friday morning after investors were spooked by a weak jobs report. The unemployment rate fell to the lowest level in almost three years - hitting 4.3 percent in July. The Nasdaq dropped 2.2 percent, pushing it into correction territory, down more than 10 percent from a record high on July 11. The S&P 500 was headed for its worst session in around two years, as recession fears accelerated on Wall Street.
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