Oddbean

Dow drops 1000 points, worst fall since 2022, amid global rout ========== Wall Street fell the most in nearly two years, with the S&P 500 falling 3% and the Dow Jones Industrial Average dropping more than 1,000 points, amid fears of a slowing U.S. economy. The global sell-off began last week, with Japan's Nikkei 225 plunging 12.4%, its worst day since the Black Monday crash of 1987. The sell-off was driven by disappointing reports on the U.S. economy, including a weaker-than-expected jobs report. Big Tech stocks, which have led the market to record highs, were hit the hardest. The Bank of Japan's decision to raise interest rates also contributed to the market decline. The threat of a recession could impact the upcoming U.S. elections. #StockMarket #DowJones #S&p500 #GlobalSelloff #Economy #JobsReport #BigTechStocks #BankOfJapan #Recession #UsElections https://www.pbs.org/newshour/economy/dow-drops-nearly-1000-points-and-japanese-stocks-suffer-worst-crash-since-1987-on-economy-fears