Japan’s Nikkei 225 index plunges nearly 13% as world markets tremble over risks to the US economy

US stock futures plunge as recession fears grip global markets

US stock index futures plunged on Monday, with Nasdaq futures down almost 4 per cent, following warnings of a possible recession in the United States that sent shock waves across global markets. This was after sharp losses in Asian and European stock markets and a flight to safe-haven assets like bonds - which saw their yields plunge. Steep sell-offs in all major mega-cap and growth stocks pre-market trading had occurred, which propelled the ind

Wall Street plunges as US recession fears jolt global markets

Wall Street’s main indexes slumped on Monday, August 5, as fears of the United States tipping into recession following weak economic data last week rippled through global markets. Bourses from Asia to Europe took a beating and bond yields slipped as investors rushed to safe-haven assets and bet the US Federal Reserve would now need to cut interest rates aggressively to spur growth. The selloff was brutal, with the so-called Magnificent Seven gro…

Japan’s Nikkei Index Has Worst Day in Decades as U.S. Recession Fears Grow Among Investors

by Nicholas Ballasy   According to the Associated Press, the Nikkei closed down 4,451.28 points at 31,458.42 on Monday after it went down 5.8 percent on Friday, marking the worst two-day decline ever. Japan’s benchmark stock index dropped 12.4 percent on Monday as investors’ concerns over a possible U.S. recession grow. The drop marked the worst day for the index since the 1980s. According to the Associated Press, the Nikkei closed down 4,451…

Japanese Stocks Crash As Global Market Rout Intensifies

Stocks tumble as Dow, S&P 500 close out worst day since 2022

The Dow Jones Industrial Average tumbled 1,033.99 points, or 2.6%, while the Nasdaq Composite and S&P 500 fell 3.43% and 3%, respectively. The Dow and S&P 500 closed out their worst day since September 2022.