U.S. shares fell sharply on Monday as a part of a worldwide market sell-off centered round U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day for the reason that 1987 Black Monday crash for Wall Avenue.
Fears of a U.S. recession had been the primary offender for the worldwide market meltdown after Friday’s disappointing July jobs report. Buyers are additionally involved that the Federal Reserve is behind in slicing rates of interest to bolster an financial slowdown, with the central financial institution selecting as an alternative to maintain charges on the highest in 20 years final week.
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Watch Dow commerce in actual time — 8/5/2024
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