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A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points — the biggest one day point drop on record, according to Dow Jones Market Data.
Source
MarketWatch
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Gene Sperling, President of Sperling Economic Strategies and former director of the National Economic Council, discussed the recent U.S. jobs report, highlighting that the headline numbers were stronger than expected and suggest a low likelihood of recession despite ongoing geopolitical and economic challenges. He noted that while job creation appears broad-based, some gains—such as the 70,000 hospitality jobs—may be influenced by seasonal factors like World Cup-related hiring. He speaks with Ro
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