JPM is trading at $305.92, down 3.6% from its February 4 close of $317.27, as disappointing U.S. employment figures trigger a broad market retreat from cyclical assets.
- U.S. private employers added only 22,000 jobs in January, significantly missing the 45,000–48,000 forecast, while weekly jobless claims rose to 231,000.
- The S&P 500 and Nasdaq fell 1.42% and 1.87%, respectively, reflecting a sharp shift toward risk-off sentiment across the equities market.
- Financial stocks are leading the decline as investors rotate away from sectors sensitive to economic slowdowns and cooling labor demand.