Wall Street is in turmoil on Monday, with mounting doubts of a slowing U. S. business triggering a worldwide sell-off. First buying saw the S&, P 500 plummet by 4 %, following its worst year in over three decades. The Dow Jones Industrial Average dropped 1, 197 points, or 3 %, by 9: 35 a. m. Eastern, while the Nasdaq composite plunged 5.5 %, placing it 15 % below its peak from last month. The Nikkei 225 from Japan had its worst performance since the 1987 fall, when it nosedived 12.4 % on Monday.
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Not lost more than a thousand factors,” she said. Not yet daily on the NASDAQ”, Fox News reported Monday night.
Only IN: The NASDAQ hits a history, down 1000 items on the day, something that has never been done earlier.
Not lost more than a thousand details,” she said. Not yet daily on the NASDAQ”, Fox News reported on Monday.
Buyers are concerned about a… picture, so the growth comes as a… twitter.com/Y03HqDjqEK
— Collin Rugg (@CollinRugg ) August 5, 2024
The New York Post has more on the financial disaster:
Early on Monday night, some of the biggest software companies in the world experienced stock stumbling.
Nvidia, Meta and Apple all lost 6 % of their market capitalization.
Apple, the maker of iPhones, was also reeling from the news that Warren Buffett, the chairman of Berkshire Hathaway, had reduced his stake in the business by quarter, even though he still holds the majority of the stock.
Last week, Buffett also sold off$ 3 billion worth of stock in Bank of America.
Bitcoin was also hit difficult by Monday’s panic in the industry. Ethereum lost more than 21 % of its value while bitcoin lost more than 17 %.
Over the past 24 hours, the global digital currency industry lost a total of$ 1.79 trillion from its market valuation.
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Joe Biden bragged about fixing the economy less than a week before.
” I cured the business”.
— Joe Biden ( six days ago ) photograph. twitter.com/SMsXKVfljw
— RNC Research ( @RNCResearch ) August 5, 2024
Do we want four more years of this when the business is about to go into crisis? Of course, we do n’t. The Harris-Biden management has been blatantly negative about the market for the past few years. The management vowed to avoid a recession by ignoring the signs of prevalent prices. These people have no idea what they’re doing, and we’re the ones who are the victims of their stupidity.
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