Dow plunges more than 1,000 points as global stock rout deepens on recession fear
Losses accelerated on Monday after Japan's stock market experienced its worst decline since the Black Monday crash in 1987, falling 12%.
Losses accelerated on Monday after Japan's stock market experienced its worst decline since the Black Monday crash in 1987, falling 12%.
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After a year of resiliency in the face of high interest rates, the cracks are showing in the US economy.
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Shares in the world's biggest tech companies dropped sharply on Monday as investors became increasingly fretful over the state of the economy and AI.
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These are today's mortgage and refinance rates. Mortgage rates dropped in response to cooler labor market data, including an increase in unemployment.
Rising fears of a US recession, Japan's decision to raise interest rates and August volatility are all factors behind the stock market sell-off.
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Asia markets saw a massive selloff on Monday, driven by the Bank of Japan's rate hike. US futures and crypto were also down.