US stock market values tumble amid reports of high layoffs and hiring freezes
1. S&P 500 dropped 1% amid fears of US economic slowdown. 2. Job cuts reached 153,074 in October, worst since 2003. 3. Ongoing government shutdown delays essential economic data. 4. Tech sector led layoffs, raising concerns over AI investments. 5. Potential changes to tariffs could affect inflation and interest rates.