"Are You a CEO, Director, or Founder interested in a Feature Interview?"
All Interviews are 100% FREE of Charge
we The stock price plummeted The Dow Jones Industrial Average, S&P 500 and Nasdaq all fell at the open on Monday due to a global sell-off and growing concerns about the U.S. economy following Friday’s jobs report and other economic data.
Dow At the time of writing, the stock price had fallen 833 points, with the S&P 500 down 3.1% and the Nasdaq down more than 3.6%.
Related: Will the Fed Cut Interest Rates in September? July Meeting News
Japanese stocks reportedly fell 12 percent on Monday, their worst day since Wall Street’s “Black Monday” in 1987.
This panic started last Friday Employment Reportshowed the U.S. unemployment rate was 4.1% in June, which economists say should signal a Fed interest rate cut in September.
Tech stocks fell sharplyNvidia fell 5% and Tesla dropped 5.8%.
Investors are panic selling tech, oil and cryptocurrency stocks out of fear, and a 7% drop in the New York Stock Exchange index could lead to a trading halt.
Bloomberg Reports Traders expect an emergency rate cut to come this week or next week, something the Fed rarely does outside of its regularly scheduled meetings.
This is a developing story.
Author
"Elevate Your Brand with an Exclusive Feature Interview!"
