Stock Market Today: Stocks in meltdown as Fed triggers global rout

Stocks are facing a tech-lead version of Black Monday following the biggest selloff in Asia markets since 1987.

Aug 5, 2024 - 20:30

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Stock Market Today: Stocks in meltdown as Fed triggers global rout

Analyse lower again for updates at some level of the deciding to buy and selling day

U.S. shares plunged decrease Monday, when nontoxic-haven Treasury bonds rallied and oil expenditures slumped to year-to-date lows, amid a world market rout tied to recession fears, overbought tech shares and rising geopolitical risks.

Updated at Eight:48 AM EDT

The Wall (Avenue) comes tumbling down

The S&P five hundred was marked 200 causes decrease, or three.Seventy 4%, within the opening minutes of deciding to buy and selling, with the Nasdaq falling 844 causes, or 5.02%.

The Dow, for the time being, plunged 1,one hundred fifty causes just because the small-cap Russell 2000 fell 77 causes, or three.fifty one%.

Benchmark 10-year stumble on yields slipped every other three foundation causes to some.718%, with 2-year notes pegged at three.781%