Wednesday, August 4, 2021

U.S. stocks slide after disappointing private sector hiring data


U.S. stocks slid on Wednesday after disappointing data on hiring in the private sector and hints the Federal Reserve could starting raising interest rates in 2023.


There are also fears the recent surge in coronavirus cases could hold back the economic recovery for the rest of this year.


Our U.S. correspondent Giles Gibson has more.


IN: "The Dow fell…"
OUT: "...Giles Gibson, Washington."
DUR: 47 seconds