August 5, 2024 10:14 PM

Dow drops over 1000 points, Nasdaq slides 6% in global market rout

The US stock market experienced a plunge, with the Dow Jones opening more than 1000 points lower. The downturn follows a global market sell-off, shaking investor confidence and raising concerns about an impending recession. During the early hours of trading, the Dow Jones Industrial Average (DJIA) plummeted by 1,083.07 points, a decline of 2.79%, settling at 38,654.19. The tech-heavy Nasdaq Composite Index saw an even steeper drop, losing 680.15 points, or 4.05%, to reach 16,196.01. Meanwhile, ...