TLDR

• US stocks plummeted due to weak manufacturing data and tech sector struggles.
• Nasdaq fell 3.3%, Dow Jones dropped 1.5%, and S&P 500 slid 2.1%.
• Manufacturing sector shows signs of contraction, sparking recession fears.
• Technology stocks, particularly semiconductors, faced significant declines.
• August jobs report fell short of expectations, adding to economic concerns.
• Federal Reserve expected to consider interest rate cuts in upcoming meeting.