NEW YORK — A scary Monday that started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy.
Professional investors cautioned that some technical factors could be amplifying the action in markets, and that the drops may be overdone, but the losses were still neck-snapping. South Korea’s Kospi index careened 8.8% lower, and bitcoin dropped below $54,000 from more than $61,000 on Friday.That’s in part because traders began wondering if the damage has been so severe that the Federal Reserve will have to cut interest rates in an emergency meeting, before its next scheduled decision on Sept.
Some of Wall Street’s recent declines may simply be air coming out of a stock market that romped to dozens of all-time highs this year, in part on a frenzy around artificial-intelligence technology. Critics have been saying for a while that the stock market looked expensive after prices rose faster than corporate profits.
Treasury yields also pared their losses Monday after a report said growth for U.S. services businesses was a touch stronger than expected. Growth was led by arts, entertainment and recreation businesses, along with accommodations and food services, according to the Institute for Supply Management. Apple fell 4.8% Monday after Warren Buffett’s Berkshire Hathaway disclosed that it had slashed its ownership stake in the iPhone maker.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Dow drops nearly 1,000, and Japanese stocks suffer worst crash since 1987 on U.S. economy fearsNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Källa: CTVNews - 🏆 1. / 99 Läs mer »
Dow drops nearly 1,000, and Japanese stocks suffer worst crash since 1987 on U.S. economy fearsNEW YORK (AP) — Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The S&P 500 was down by 3.
Källa: SooToday - 🏆 8. / 85 Läs mer »
Dow drops 900 points, and Japanese stocks suffer worst crash since 1987 on U.S. economy worriesNEW YORK (AP) — Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The S&P 500 was down by 3.
Källa: SooToday - 🏆 8. / 85 Läs mer »
Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 on U.S. economy worriesNEW YORK (AP) — Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The S&P 500 was down by 3.
Källa: SooToday - 🏆 8. / 85 Läs mer »
Dow drops 860 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNEW YORK (AP) — Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The S&P 500 was down by 2.
Källa: SooToday - 🏆 8. / 85 Läs mer »
Dow drops 760 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Källa: CTVNews - 🏆 1. / 99 Läs mer »