Wall Street tumbles on growing recession worries
9:41 am Monday, August 05th, 2024
(Reuters) – Wall Street’s main indexes tumbled on Monday, as fears of the United States tipping into recession following weak economic data last week rippled through global markets.
The Dow Jones Industrial Average fell 681.07 points, or 1.71%, at the open to 39,056.19. The S&P 500 opened lower by 195.42 points, or 3.66%, at 5,151.14, while the Nasdaq Composite dropped 1,063.63 points, or 6.34%, to 15,712.53 at the opening bell.
(Reporting by Shubham Batra in Bengaluru; Editing by Arun Koyyur)
