[Breaking] New York Stock Market Plummets as Tightening Gains Momentum... Nasdaq Down 3.80%

[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market all closed lower on the 7th (local time) as the September employment report reinforced expectations of the Federal Reserve's (Fed) aggressive tightening.

On that day, the Dow Jones Industrial Average closed down 2.10% compared to the previous session. The large-cap-focused S&P 500 index fell 2.80%, and the tech-heavy Nasdaq index closed down 3.80%.