A television screen on the floor of the New York Stock Exchange, Monday, Aug. 5, 2024, headlines trading. Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Overnight investors plunged the market in Japan to its worst day in decades, sending some of the world’s biggest technology companies into tailspins.made hay with the news, using it once again to campaign for former President Donald Trump, the Republican presidential nominee.When you look at your 401k today, remember that Kamala Harris has spent the last three and a half years saying thatTrump on his Truth Social account, also assigned blame in several posts.
In addition, according to the Associated Press, investors are listening to warnings that Nvidia and other Big Tech stocks have gotten too expensive, and that massive spending on AI might not turn into profits for a while.On Friday, the Nasdaq composite went into a correction, which is a 10% decline from its most recent high. On Monday, the Nikkei plunged more than 12%, its worst drop since 1987.