Stock market today: Dow falls 1,000 points as recession fears fuel calls for interest rate cut
Briefly

Stocks plummeted globally due to disappointing jobs report, sparking recession concerns. US indexes fell over 2%; Nikkei dropped 12%. Calls for interest rate cuts emerged.
Unemployment rate increase and recession indicators like 'Sahm Rule' suggest economic downturn. Goldman Sachs raised US recession probability from 15% to 25%.
Read at ABC7 San Francisco
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