The stock market losses continue this morning.

I'm David Roncacho in early trading on this Monday.

The Dow Jones Industrial Average and the NASDAQ composite index both fell more than a thousand points but have just recovered some the NASDAQ

currently down 651 points 3.9 percent the Dow is down a little over a thousand

points still two and a half percent the S&P down 3.1 percent

a weaker jobs report on Friday suggested to some that the Federal Reserve was too slow

to lower interest rates raising the possibility of a recession in the U.S.

The VIX index of stock market volatility is up sharply, although down from a peak earlier

today that had been in line with its jump during the pandemic lockdowns of

2020. An update now from Marketplace's Nancy Marshall Genser.

Investors are concerned about last week's U.S US jobs report which showed the unemployment rate

rising to 4.3% in July. They're worried the Federal Reserve has waited too long to cut

interest rates and the US will slide into a recession. The Fed isn't scheduled

to meet again on interest rates until September, but some traders are predicting the

Fed rates before that in an emergency meeting.

Chicago Fed President Austin Goolsby wouldn't comment directly on that

in a CNBC interview this morning.

He did say the Fed will closely watch any risk

to financial stability.

If the conditions collectively start coming in that on the through line,

there's deterioration on any of those parts, we're going to fix it.

In a note to investors, Goldman Sachs says the higher jobless rate could just be temporary,

...