Reported 2 months ago
On August 5, 2024, major US stock indexes experienced significant losses, continuing a global trend as fears of an economic slowdown intensified. The S&P 500 fell by 3%, while the Dow Jones dropped more than 1,000 points, marking the steepest decline in nearly two years. The Nasdaq composite also saw a 3.4% decrease. This downturn follows disappointing economic reports, including a weaker jobs report, adversely impacting big tech stocks that previously led the market's gains earlier in the year.
Source: YAHOO