News Formal

Stock market news today: Nasdaq sinks 3%, Dow cascades down as global sell-off intensifies

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

CBOE Volatility Index News

Nasdaq Composite,Treasury Yields,Stock Market

Wall Street's sell-off was set to intensify in a major way Monday as concerns mounted over the health of the US economy.

Wall Street's stock sell-off intensified in a major way Monday as concerns mounted over the health of the US economy. The Dow Jones Industrial Average fell more 1,000 points before paring some of its losses. The Nasdaq Composite was crushed by over 3% after the tech-heavy index entered into a correction with Friday's sharp losses. The S&P 500 losses cascaded over 2.5%.

5% by its September meeting, according to the CME FedWatch tool. Some of the biggest companies in the stock market saw their values plummet at the open. Apple declined more than 9% amid the sell-off, and also after news that Berkshire Hathaway had cut its stake in the company in half. Nvidia's pull back continued, as it dropped as much as 13% before paring losses. Tesla plunged more than 6%. Crypto also took a beating, with Bitcoin sinking roughly 15% to creep back toward the $50,000 level.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Nasdaq sinks 4%, Dow cascades down as global sell-off intensifiesWall Street's sell-off was set to intensify in a major way Monday as concerns mounted over the health of the US economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow leads stock comeback from steep sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street ends mixed, nudging the S&P 500 and Nasdaq to more recordsStocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records. The S&P 500 inched up 0.1% Monday, and the Nasdaq rose 0.3%. The Dow Jones Industrial Average gave up an early gain and fell 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market news today: Nasdaq sinks, Nvidia drops 7% ahead of Big Tech earningsA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »