US equity markets crashed on Friday as US jobs market slows down sharply

US equity markets crashed on Friday, 1^st August, 2025. This after data from US Bureau of Labor Statistics showed that US economy added just 73,000 new jobs in July. The earlier estimates of new job additions in May and June were also revised sharply downwards. The earlier May data of 144,000 new job additions was revised down to just 19,000 new jobs added. The earlier June data of 133,000 new jobs added was revised down to just 14,000. After this data came, US President Donald Trump fired the head of Bureau of Labor Statistics, Erika McEntarfer. This rattled the markets further.

Nasdaq ended the day on Friday, down by 472.32 points or 2.24%. Dow Jones ended the day, down by 542.40 points or 1.23%. S&P 500 ended the day, down by 101.38 points or 1.60%.

European markets too fell sharply on Friday

European markets also fell sharply on Friday. Euro Stoxx 50 ended the day, down by 154.32 points or 2.90%. Dax ended the day, down by 639.50 points or 2.66%. FTSE 100 ended the day, down by 64.23 points or 0.70%.

Asian markets have started the day on a mixed note today, 4^th August, 2025. At 8:55 a.m. Nikkei 225 is down by 664.63 points or 1.63%. Hang Seng is up by 104.27 points or 0.43%. Shanghai composite is up by 6.05 points or 0.17%. Kospi is up by 26.37 points or 0.85%.

OPEC has said that it will increase its production by 547,000 barrels per day. This may cause oil prices to slip further. This will be some relief for Indian economy and Indian equity markets. Indian markets are more likely to see another day in red today.

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Source: Dow Jones