Dow drops nearly 1,000, and Japanese stocks suffer worst crash since 1987 on U.S. economy fears ...Middle East

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NEW YORK (AP) — Nearly everything on Wall Street is tumbling today as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The S&P 500 was down by 3.1% in early trading, coming off its worst week in more than three months. The Dow Jones Industrial Average was down 996 points, or 2.5%, as of 9:50 a.m. Eastern time, and the Nasdaq composite slid 3.8%. The drops were just the latest in a sell-off that swept the Earth. Japan’s Nikkei 225 helped start today by plunging 12.4% for its worst day since the Black Monday crash of 1987. It was the first chance for traders in Tokyo to react to Friday’s report showing U.S. employers slowed their h

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Last updated : 05 August 2024 clock 05:09 PM

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