Stock Market Volatility: Dow and Nasdaq Slide on Credit Downgrade and Jobs Data

The stock market experienced a decline as the Dow Jones and Nasdaq both slid, with the Nasdaq Composite leading the way. The drop in stocks came after the U.S. credit was downgraded and amid lackluster earnings reports. Chip stocks also saw a decline following Advanced Micro Devices' second-quarter earnings report. Treasury yields rose, with the 10-year Treasury yield reaching its second-highest closing level this year. Additionally, oil prices fell, and Tupperware's stock continued its volatile ride.