NATIONAL (WDNews) – Fears of an impending U.S. recession sent shockwaves through the financial markets on Monday, with the Dow Jones Industrial Average tumbling more than 1,000 points in early trading. This sharp decline sparked a panic sell-off worldwide.
The global sell-off, which began last week, saw Japan’s Nikkei 225 plummet by 12.4%, marking its worst day since the Black Monday crash of 1987. In the U.S., the S&P 500 dropped by 3.1% in late trading, on track for its worst decline since 2022. The Dow Jones Industrial Average was down 1,009 points, or 2.5%, with just over an hour left in trading. The Nasdaq composite wasn’t spared either, sliding 3.8%.
Cryptocurrency markets also felt the impact, with Bitcoin dropping below $54,000 from over $61,000 on Friday. Investors are now closely watching the developments, hoping for signs of stabilization in the turbulent financial landscape.
