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Posted On: 08/05/2024 10:15:08 PM
Post# of 123607
Here we go again this must be Trumps fault correct......I mean it can't be the present administration.
Quote:
Dow drops 1,000 points in bleak day on Wall Street
A scary Monday that started with a plunge abroad reminiscent of 1987 's crash has swept around the world and pummeled Wall Street with more steep losses, as fears worsen about a slowing U.S. economy.
The S&P 500 was down by 3.1% in late trading and on track for its worst drop since 2022. The Dow Jones Industrial Average was reeling by 1,009 points, or 2.5%, with a little more than an hour remaining in trading, and the Nasdaq composite slid 3.8%.
The drops were just the latest in a global sell-off that began last week. Japan's Nikkei 225 helped start Monday by plunging 12.4% for its worst day since the Black Monday crash of 1987.
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