Dow dives more than 500 points after July jobs report misses expectations | CNN Business

New York CNN  — 

Stocks tumbled Friday as a disappointing jobs report added to fears that the US economy is weakening.

The Dow closed 612 points, or 1.5%, lower, after falling more than 900 points earlier in the session. The S&P 500 lost 1.8% and the Nasdaq Composite declined 2.4%.

The Nasdaq closed in correction territory, or more than 10% off its most recent high on July 10.

CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, fell to a “fear” reading of 27.

The US economy added just

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