Reported 2 months ago
On August 5, 2024, the US stock market saw a significant plunge, with the Dow Jones Industrial Average falling approximately 900 points or over 2.4%, as rising fears over the US economy and a global market sell-off intensified. The Nasdaq Composite and S&P 500 also faced substantial losses, down around 3% and 2.5% respectively. The CBOE Volatility Index reached its highest level since the onset of the pandemic, amidst concerns over interest rate cuts by the Federal Reserve and a disappointing jobs report. Notably, major tech stocks like Apple, Nvidia, and Tesla were heavily impacted, contributing to widespread market anxiety.
Source: YAHOO