Stock Losses Accelerate After Weak Jobs Report

Saturday, August 02, 2025

Stocks were under pressure on Friday to kick off August trading as investors weighed stark signs of a weakening economy and President Donald Trump's modified tariff rates. The Dow Jones Industrial Average dropped 717 points, or 1.2%. The S&P 500 shed 1.7%, while the Nasdaq Composite dipped 2.3%.

Posted by qcp at 11:33 AM | 14 COMMENTS | permalink | Comment on This Entry |

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Today's jobs report shows what many Americans already knew: despite record highs in the stock market, the "economy" is not working for ordinary people. Rather than accept reality & try to address it, Trump chooses to fire the bearers of bad news. This is what authoritarians do.

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-- Senator Bernie Sanders (@sanders.senate.gov) Aug 1, 2025 at 3:31 PM

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#1 | Posted by qcp at 2025-08-01 10:39 AM | Reply

WWWHHHHHHOOOOOOOOOOOOOOOOOOOOOOOOOOPPPSS!

#2 | Posted by LegallyYourDead at 2025-08-01 11:54 AM | Reply

GOP Posts About "Making Automobiles Great Again" And Uses Picture Of Old Soviet Car Behind President
www.theautopian.com

#3 | Posted by snoofy at 2025-08-01 12:23 PM | Reply

Trump's Recession may make GW's look like child's play.

Or not... if he's really the AC, it'll all be fine. Until it isn't.

#4 | Posted by Corky at 2025-08-01 01:03 PM | Reply

Looks like the Fed made the right call on interest rates.

#5 | Posted by REDIAL at 2025-08-01 01:08 PM | Reply

Where's Scatberg?

#6 | Posted by reinheitsgebot at 2025-08-01 01:15 PM | Reply

@#5 ... Looks like the Fed made the right call on interest rates. ...

My guess is that the odds for a rate cut in September have increased a bit.

#7 | Posted by LampLighter at 2025-08-01 01:47 PM | Reply | Newsworthy 2

A poor jobs report is typically an incentive for interest rate cuts. Increased inflation does the opposite. If we have both at the same time, the Fed has a quandary.

It is interesting that Trump is upset about the poor jobs report and the Fed's lack of rate cuts at the same time. To get the later, Trump should be hoping for the former. It would lead us to believe that Trump is clueless about how this stuff actually works.

#8 | Posted by Whatsleft at 2025-08-02 12:46 PM | Reply

It would lead us to believe that Trump is clueless about how this stuff actually works.

POSTED BY WHATSLEFT

Trumpy don't need to know how things work.

You will make it work exactly how the Mad King says it works. No more no less.

Or you are fired.

And round up a few democrats and make an example of them to the others who might be considering resisting.

#9 | Posted by donnerboy at 2025-08-02 12:55 PM | Reply

"The Numbers Were Rigged! BWWWAAAAAKKKK!!"

#10 | Posted by LegallyYourDead at 2025-08-02 07:02 PM | Reply

Just fire the jobs reporter, that'll take care of confidence

#11 | Posted by hamburglar at 2025-08-03 01:21 AM | Reply

The only thing that was rigged was the 2024 election.

#12 | Posted by ClownShack at 2025-08-03 04:01 AM | Reply

Expect every number about everything coming out of the White House to be a lie.

Donnie is gonna cook the books like he did with every business he ever bankrupted.

This is mobster mentality.

#13 | Posted by ClownShack at 2025-08-03 11:59 AM | Reply

Stocks go up based on rumors. Stocks go down based on rumors. And so it has been my entire life. The one thing though that seems ALWAYS to freak out the markets are tariffs. But, if history teaches us anything, if the markets do truly begin to crash due to the tariffs, TACO will do another graceless, embarrassing about face on them.

#14 | Posted by moder8 at 2025-08-04 12:50 AM | Reply