Reported about 6 hours ago
US stock markets experienced their most significant decline of the year on Monday, driven by fears of a potential economic slowdown. The Nasdaq 100 dropped 3.8%, while the S&P 500 fell 2.7%, prompting concerns over a correction as it closed below its 200-day moving average for the first time since November 2023. Analysts warn of increasing economic downturn probabilities and geopolitical risks, suggesting investors remain cautious despite potential short-term rebounds.
Source: YAHOO