Investors across the country pushed the panic button following Friday’s lousy jobs report. The huge miss sent U.S. markets lower on Friday.
But the klaxons continued to ring into Monday’s opening bell, with Japan’s Nikkei 225 suffering its worst day — a 12% decline — since the Reagan Administration. Europe joined the party when the Stoxx 600 fell 2.2% at its close Monday.
By Monday’s close, the S&P 500 and Nasdaq Composite were both at least 3% lower, with the Dow Jones Industrial Average not far behind.
Now is a great time to curb recession fears and analyze the market with a critical eye, especially after the market recovered at a healthy clip on Tuesday. Because looking at one piece of data — such as the jobs report — doesn’t necessarily give us a complete picture…
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