Private jobs surged in the US in June, and the market was worried about pressure to raise interest rates. The Dow Jones index closed on Thursday and plummeted 366 points.
After opening 117 points lower, the decline gradually widened to a maximum of 517 points, a low of 3,3771 points. The closing still fell 366 points, or 1.07%, to 33922 points, the second day in a row of decline.
The index fell 0.79% to 4,411 points; the NASDAQ, which is dominated by technology stocks, fell 0.82% to 13,679 points. The Golden Dragon Index, which reflects the performance of Chinese concept stocks, fell 3.04%.