Wall Street Tumbles Amid Recession Fears

Wall Street's primary indexes dropped sharply on Monday as concerns over a potential U.S. recession, fueled by weak economic data from the previous week, spread through global markets. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw significant declines at the opening bell.


Devdiscourse News Desk | Updated: 05-08-2024 19:02 IST | Created: 05-08-2024 19:02 IST
Wall Street Tumbles Amid Recession Fears
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Wall Street's main indexes tumbled on Monday, as fears of the United States tipping into recession following weak economic data last week rippled through global markets.

The Dow Jones Industrial Average fell 681.07 points, or 1.71%, at the open to 39,056.19.

The S&P 500 opened lower by 195.42 points, or 3.66%, at 5,151.14, while the Nasdaq Composite dropped 1,063.63 points, or 6.34%, to 15,712.53 at the opening bell.

(With inputs from agencies.)

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