U.S. stocks ended lower on Friday, as the latest jobs report deepened uncertainty among investors.
The Dow Jones Industrial Average fell 410.34 points, or 1.01 percent, to 40,345.41. The S and P 500 sank 94.99 points, or 1.73 percent, to 5,408.42. The Nasdaq Composite Index shed 436.83 points, or 2.55 percent, to 16,690.83.
Ten of the 11 primary S and P 500 sectors ended in red, with communication services and consumer discretionary leading the laggards by losing 2.90 percent and 2.81 percent, respectively. Meanwhile, real estate bucked the trend by rising 0.01 percent.
U.S. employers added 142,000 jobs on a seasonally adjusted basis in August, according to Friday's report from the U.S. Bureau of Labor Statistics. This marked a second consecutive month of weaker-than-expected job growth, with totals of June and July also revised downward.
Despite the slowdown in job creation, the unemployment rate edged down in August to 4.2 percent from 4.3 percent in July.
U.S. stocks close lower with weaker job growth
Truck drivers and their cargoes sought refuge in a Shanghai activity hub as Typhoon Bebinca, the strongest typhoon to hit the city in decades, made landfall on Monday morning, unleashing heavy rains and winds exceeding 160 kilometers per hour.
In the Pudong District, situated on the southeastern tip of Shanghai, the impact of Typhoon Bebinca was stark, with trees and road signs uprooted, construction sites disrupted, and bicycles scattered across the ground.
Shanghai is not prone to strong typhoons, but local authorities have made emergency plans.
In Lingang Special Area, an activity hub was transformed into a temporary shelter for over 130 truck drivers and their cargoes.
"With such strong winds, it's not safe to park my truck on the street. Trees could fall. Parking here is a safer choice. The service is good here. It's clean, and it also provides food. We can take a shower here," said Wang Shaodong, a truck driver from east China's Anhui Province.
"The Donghai Bridge has been closed, as the typhoon is approaching. That's why we came here. They provide us with bedding, and air conditioners were turned on. So we are staying here. There are also meals downstairs," said Gong Xiangge, a hazardous cargo driver from east China's Shandong Province.
"We call these truck drivers 'men living on wheels.' The 13th typhoon [of this year] brought gales, with maximum wind speed reaching 36.9 meters per second, so danger may come at any time. So staying on the side of the street is unsafe for both trucks and drivers," said Fan Jianrong, deputy director of Lingang Special Area Investment Holding Group.
Although traffic resumed on all roads and bridges across Shanghai starting from 20:00 on Monday, precautions are still in place as Typhoon Pulasan, the 14th of the year, has formed in the northeastern Pacific and could follow a similar path to Typhoon Bebinca.
The director of the center said that the shelter remains open to those in need, ensuring that assistance is readily available for individuals affected by the poor weather.
Truck drivers seek shelter as powerful typhoon hits Shanghai
