U.S. markets fell fallen broadly for two consecutive days as investors began showing concern in response to fresh signs of a looming economic recession.
Stock indices were nearing record high levels in September until October and the fourth-quarter began.as investors began showing concern about fresh signs of an economic slowdown.'s losses deepened on Wednesday, bringing its two-day decline to 827 points. The Dow has lost 3% so far this quarter, already wiping out the 1.2% gain of the third quarter. It still remains up 11% for the year.on Tuesday.
Shortly behind last month's slowdown in manufacturing was the month's private payrolls report on Wednesday, which revealed that the pace of hiring is easing asADP and Moody's Analytics said companies hired an additional 135,000 workers in September, a slowing from 157,000 hirings during the previous month. What's more, the August numbers were revised sharply lower, as there were 195,000 more workers previously reported for the month.
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