Reported 2 months ago
On August 5, 2024, Wall Street experienced a severe stock market sell-off, with the Dow Jones Industrial Average dropping over 1,000 points and the Nasdaq Composite declining nearly 4%. This downturn was exacerbated by concerns regarding the US economy's health, following a lackluster jobs report and rising fears of a recession. Major tech stocks like Apple, Nvidia, and Tesla saw sharp declines, reflecting a broader trend of panic and volatility across global markets, including significant losses in Asian trading.
Source: YAHOO