he stock market reacted negatively to a bad unemployment report, and the Trump campaign lambasted Democrats for what some said are signs of a coming recession.

“Kamala Harris has proudly and repeatedly celebrated her role as Joe Biden’s co-pilot on ‘Bidenomics.’ She cast tie-breaking votes in the Senate for spending that put inflation on steroids, and despite the evidence that America’s working families are hurting she tells us these failed plans are working," read a statement from the campaign entitled "Kamalanomics."

How quickly the mood turns. Barely a fortnight ago stockmarkets were on a seemingly unstoppable bull run, after months of hitting new all-time highs. Now they are in free fall. America’s Nasdaq 100 index, dominated by the tech giants that were at the heart of the boom, has fallen by more than 10% since a peak in mid-July. Japan’s benchmark Topix index has clocked losses well into the double digits, dropping by 6% on August 2nd alone—its worst day since 2016 and, following a 3% decline on August 1st, its worst two-day streak since 2011.

Wall Street was jolted by rising economic uncertainty on Friday, and stocks skidded, capping off a turbulent week with a sharp decline.

Friday’s drop followed a report on U.S. hiring in July that was far weaker than expected, startling investors into worrying that the Federal Reserve has been too slow to cut interest rates. Traders were already growing uneasy about the state of the economy, as well as the prospects for the big technology stocks that had underpinned a market rally for much of the year, but the jobs report intensified the focus on the risks.

Wall Street’s Democrats are lining up behind Kamala Harris with a mixture of relief and genuine enthusiasm for a politician many of them supported in 2020.

While the demand for weight loss drugs continues to surge, one Wall Street firm is betting that Americans' love for doughnuts is too strong to give them up. 

Truist Securities on Monday upgraded Krispy Kreme to buy from hold, with analysts led by Bill Chappell saying that the negative impact of the glucagon-like peptide 1 (GLP-1) drugs has already been reflected in the stock's current valuation.

Normal trading resumed late Monday morning after the New York Stock Exchange said a technical issue had led to large fluctuations in the prices displayed for certain stocks, including Warren Buffett's Berkshire Hathaway.

A little after 11 a.m. ET, the NYSE said the issue involved the market's main electronic stock price publisher, but that most stocks had since reopened or were in the process of reopening.

The New York Stock Exchange on Monday morning said it resolved a technical problem that resulted in the halt of trading in stocks of several high-profile companies, including Class A shares of Warren Buffett’s Berkshire Hathaway Inc.

The shares resumed trading before midday Monday after a lengthy trading halt that appeared to show them changing hands for as low as $185.10, a drop of 99.97%. Experts said any trades actually executed at that level would almost certainly be invalidated.

The New York Stock Exchange experienced a technical glitch impacting a handful of stocks, including Barrick Gold and Warren Buffett's Berkshire Hathaway, which was shown to be down nearly 100% before the issue was fixed shortly before noon Eastern time.

"A technical issue with industry-wide price bands published by the CTA SIP triggered halts in a number of stocks listed on the NYSE Group exchanges this morning.  Impacted stocks have since reopened (or are in the process of reopening) and the price bands issue has been resolved," the exchange said.

Meme stock GameStop rallied again Monday on speculation that Keith Gill, the man who inspired 2021′s epic short squeeze, could have a huge position in the video game retailer.

Shares were last about 30% higher to trade around $30.26 apiece. Trading in the name was paused briefly for volatility by the NYSE. It jumped more than 70% at the open.

Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from the move.

What really matters is what underpins the market, namely, whether companies are seeing sustainable profits, where monetary and fiscal policy is positioned and what the future landscape is for economic health and specifically the labor market.