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Wall Street has its worst day since 2022 as fear of a US economic slowdown deepens; Dow sinks 1,000

  • The Dow Jones Industrial Average dropped 1,100 points, or 2.8%, due to U.S. Economy concerns, with futures falling over 1,200 points before trading began.
  • Japan’s Nikkei 225 plunged 12.4%, marking its worst day since 1987, reflecting global market sell-offs.
  • Goldman Sachs predicts a 25% chance of recession in the next year, while JP Morgan analysts see a 50-50 likelihood.
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  • 66% of the sources are Center
66% Center
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CNBC broke the news in United States on Sunday, August 4, 2024.
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