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  • Aug 5, 2024

    cnn.com/business/live-news/global-stock-markets-plunge/index.html

    What we're covering
    • Wall Street took a beating Monday as all three major indexes plunged on fears the US economy is slowing faster than expected.

    •Traders upped their bets for a September rate cut from the Federal Reserve, with some demanding an emergency cut outside of the Fed’s regular eight-week meeting cycle.

    • Concern mounted that last week’s dismal jobs report was another sign that the central bank has failed to manage the US economy, and that a significant slowdown is ahead.

    • Tech stocks led the selloff, crypto dropped, oil fell and Treasury yields plunged to some of their lowest levels this year.

    • The global gutpunch for markets began when Japanese stocks suffered their biggest loss in 37 years, with the Nikkei 225 index plunging by more than 12%.

    • Losses continued on US exchanges, with the Nasdaq Composite falling more than 6% at one point. The S&P plunged by 4.25%. The Dow also stumbled, dropping by more than 1,000 points on several occasions during the day’s trading.

  • Aug 5, 2024

    bourgeoisie mad as s*** rn

  • OP
    Aug 5, 2024

    American speculators watched too much Konbini Confessions and dropped the Japanese market

  • Emergency rate cuts soon

  • Aug 6, 2024

    Amerifats throwing tantrums cause they growing 0.1% slower

  • Aug 20, 2024

    Boy this thread died.