Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, May 17
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Stock Market»Dow, S&P 500, Nasdaq tank as market confidence cracks under Trump tariffs, weak jobs data
    Stock Market

    Dow, S&P 500, Nasdaq tank as market confidence cracks under Trump tariffs, weak jobs data

    August 1, 20252 Mins Read


    President Trump said he has directed his team to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, who is responsible for producing the US monthly jobs reports.

    This comes after July’s print showed larger-than-normal revisions for the past two months, indicating that the labor market has been cooling for the past three months.

    “I was just informed that our Country’s ‘Jobs Numbers’ are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory,” Trump wrote on social media.

    “We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified,” he added.

    “Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes. McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months. Similar things happened in the first part of the year, always to the negative.”

    Trump has been pressuring the Federal Reserve to lower interest rates. Policymakers this week decided to keep rates steady, with two dissidents voting for a rate cut.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleReactions to Trump’s tariffs from businesses and global trading partners
    Next Article Colorado’s soil health program takes a hit as the federal government pulls millions in funding from the Climate Smart Commodities grant 

    Related Posts

    Stock Market

    Indian Stock Market Outlook Next Week (18-22 May 2026): Sensex, Nifty Likely to Stay Volatile Amid Crude Oil Surge and Weak Rupee

    May 17, 2026
    Stock Market

    Indian stock market: How are Sensex and Nifty 50 likely to perform next week amid ongoing US-Iran war?

    May 16, 2026
    Stock Market

    This Stock Market Alarm Is the Loudest It’s Been in 25 Years. Here’s Where History Says the S&P 500 Is Headed.

    May 16, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    425 billions de dollars Bitcoin en 20 ans n’est pas du pessimisme, estime que le meilleur expert

    June 8, 2025
    Bitcoin

    L’expert dit que nous vendons de l’or pour financer les achats de bitcoin sera énorme

    March 27, 2025
    Bitcoin

    Ahead of $70,000, Here’s What Keeps Solana (SOL) Down, Toncoin (TON) Massive Bull Run Beginning Again?

    August 21, 2024
    What's Hot

    The Changing Face of the UK Landlord: Trends and Predictions for 2025

    June 10, 2025

    Crypto market cheers after U.S. Senate committee passes Clarity Act; Bitcoin reclaims $80K

    May 14, 2026

    Ethereum Cofounder Issues Stark Crypto Warning That Could Spell Disaster For Bitcoin Amid Sudden Price Sell-Off

    November 19, 2025
    Most Popular

    Vanguard Opens Its $11T Platform To Bitcoin And Crypto ETFs

    December 1, 2025

    House prices in the West Midlands reach a record level – but are still below the UK average. See all the figures here

    November 7, 2025

    Donald Trump and Bitcoin: From ‘Not a Fan’ to Crypto Candidate

    July 19, 2024
    Editor's Picks

    Dow S&P 500 and Nasdaq advance today: Why is the US stock market Dow Jones rising today? Dow surges over 350 points while S&P 500 and Nasdaq trade in the green – Is this the start of a full stock market recovery?

    March 30, 2026

    Down 40% This Year Is Marvell Stock An AI Bargain?

    September 2, 2025

    Crypto platforms expand access to real-world assets, impacting Bitcoin valuation

    April 11, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.