News Formal

Stocks Plunge As Traders Realize It’s Monday And They Have To Go To Work

  • 📰 TheOnion
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Business News

Finance,Sharon Eaton,Marketplace

NEW YORK—In what experts are calling an economic downturn that could deliver shocks to markets for months to come, stocks plunged Monday as traders realized it was the beginning of the week and that they had to go to work.

“Today, the Dow Jones industrial average sunk over 900 points after investors across the nation woke up, remembered it was a weekday, and realized they had five whole days of office drudgery ahead of them,” said economist Sharon Eaton, adding that while markets seemed strong on Friday when traders had the entire weekend in front of them, prices plummeted first thing this morning when they hit the snooze button on their alarm clocks, overslept by 30 minutes, and then spent a stressful morning...

“Although we expect the market to slowly correct itself, the NASDAQ and the S&P 500 will continue to be depressed until all of these asset managers, brokers, and hedge fund managers at least get over the Wednesday hump. Unfortunately, the world’s traders all just had such a nice, relaxing weekend that they really thought it was still Sunday when they rolled out of bed. So today was really hard.

 

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:

 /  🏆 724. 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.

Japanese stocks plunge in largest rout since 1987's Black MondayJapanese stocks on Monday experienced their largest single-day drop since the 1987 Black Monday crash, driven by global market declines and economic concerns.
Source: FoxBusiness - 🏆 458. / 53 Read more »

European stocks plunge on recession fearsEuropean stocks plunge on recession fears
Source: Investingcom - 🏆 450. / 53 Read more »

Bitcoin, crypto shares plunge as investors pull back on risky stocks amid recession fearsThe drop in Bitcoin and crypto shares was a sharp turnaround from the Trump-related high crypto was riding after the former president’s speech at the 2024 Bitcoin Conference.
Source: nypost - 🏆 91. / 67 Read more »

Biden-Harris Economic Aide Leaves for Campaign as Stocks Plunge, Recession Fear Takes HoldSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

European markets plunge 2.6% as global volatility deepens; oil and gas stocks shed 3.9%European stocks fell sharply at the start of trade Monday as global volatility continues.
Source: CNBC - 🏆 12. / 72 Read more »