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Fed raises risk of a slowdown in the United States
Nasdaq down over 34% from record high
Nasdaq Composite recorded 779 new lows.

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US markets collapse, Dow sinks 700 points to year low

Name: US markets collapse, Dow sinks 700 points to year low
Uploaded: 2022-06-17T05:52:46.000+05:30
Duration: T00M29S
Channel: EJ Biz Desk
Description: The update from the markets is not a good one! The US markets collapsed in overnight trade falling to a year low as risk or recession and rates hit sentiment. The Dow broke below 30,000 for the first time since Jan. 4. The...

Fears of recession grip global markets as central bankers vow to fight inflation

Updated: Sep 02, 2022 10:53

EJ Biz Desk

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US markets collapse, Dow sinks 700 points to year low

The update from the markets is not a good one! The US markets collapsed in overnight trade falling to a year low as risk or recession and rates hit sentiment. The Dow broke below 30,000 for the first time since Jan. 4.

The Dow dropped 2.42%, S&P 500 slipped 3.25% and the Nasdaq Composite slid 4.08% and touched its lowest level since September 2020.

US markets have suffered steep losses this week. The S&P 500 is down 6%, Nasdaq has fallen 6.1%. US markets are on pace for 11th losing week of the last 12.