Reported 2 months ago
A major sell-off gripped Wall Street as the Dow Jones Industrial Average plummeted over 1,000 points, alongside significant declines in the Nasdaq and S&P 500, primarily driven by fears of a potential recession and poor economic indicators. With global markets reacting to these concerns, the CBOE Volatility Index surged, and fears of an impending interest rate cut by the Federal Reserve intensified, as major tech stocks and cryptocurrencies, including Bitcoin, suffered heavy losses.
Source: YAHOO