Wall St Falls Amid Recession Fears, Dow Jones Tanks 1000 Pts, Asian Mkts Surge; D-St To Open Higher?

US stock market extended sell-off to end with steep losses on Monday, with all the three major indexes registering their biggest three-day percentage declines since June 2022, and the Nasdaq and S&P 500 closing at their lowest levels since early May.

The Dow Jones Industrial Average crashed 1,033.99 points, or 2.6%, to 38,703.27, while the S&P 500 tanked 160.23 points, or 3.00%, to 5,186.33. The Nasdaq Composite ended 576.08 points, or 3.43%, lower at 16,200.08.

Asian markets traded higher on Tuesday after a crash seen in the previous session, as the Japanese stock indices rebounded and recouped most of Monday’s losses.

Japan’s Nikkei 225 jumped as much as 10.5%, a day after it plunged to a near record 12.4%, while the Topix rallied over 10%.

South Korea’s Kospi rallied over 4% while the Kosdaq surged 5.5%. Hong Kong Hang Seng index futures indicated a lower opening.

Gift Nifty was trading around 24,290 level, a premium of nearly 200 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.

#stockmarketupdates #sensex #nifty #dalalstreetaction #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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[tlk]

Here we go again, just like 2008. Politicians forked up before the election !!