Emily Jones
on August 5, 2024
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The Dow Jones plunges over 1,000 points as markets are rocked by U.S. economy fears
Stocks fell sharply Monday, as worries about the U.S. economy sparked a world-wide sell-off. Market jitters that began with last week's weaker-than-expected jobs report spread to Europe and Asia, as investors worry that the world's largest economy — long a pillar of global growth — is beginning to show some cracks.
The Dow Jones Industrial Average tumbled more than 1000 points in early trading. Japan's Nikkei average suffered its worst day since 1987, falling more than 12%. A measure of market fear more than doubled, after a rise in the U.S. unemployment rate triggered worries that the country could be headed for recession.
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