US stock market values tumble amid reports of high layoffs and hiring freezes | Stock markets

US stock market values tumble amid reports of high layoffs and hiring freezes | Stock markets

Fears that the US economy is slowing, with firms shedding jobs and imposing hiring freezes, sent Wall Street tumbling on Thursday.

The S&P 500 index of leading firms was down 1% as investors also highlighted concerns about the potential for a…

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