Stocks sink with dollar, Treasuries volatile on recession fears

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Stock Markets News

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MSCI's gauge of stocks across the globe falls 3.25% for its biggest one-day percentage drop since September 2022

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Still oil prices settled lower on Monday, as recession fears led to demand concerns, but declines were buffered by worries that escalating Middle East conflict could hit crude supplies. “It’s become the biggest target because it was the best performer and that’s probably the easiest spot for traders to take their profits.”

On Wall Street, the Dow Jones Industrial Average fell 1,033.99 points, or 2.60%, to 38,703.27, the S&P 500 lost 160.23 points, or 3%, to 5,186.33, and the Nasdaq Composite lost 576.08 points, or 3.43%, to 16,200.08. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.46% to 102.68.

 

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