Stocks Drop -- Caroline Valetkevitch, Reuters

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Nasdaq, S&P 500 fall 3% each amid U.S. recession fears, Apple drop

Caroline Valetkevitch -- Reuters

Aug. 5, 2024

Summary

  • Apple falls as Berkshire cuts its stake by half
  • Wall Street "fear gauge" spikes
  • U.S. does not look like it is in recession: Fed's Goolsbee
  • Indexes: Dow down 2.6%, S&P 500 down 3%, Nasdaq down 3.4%

NEW YORK, Aug 5 (Reuters) - U.S. stocks ended with steep losses on Monday, leaving the Nasdaq and S&P 500 down at least 3% each as the market extended last week's sell-off amid U.S. recession worries and as Apple shares fell sharply on news that a big investor had cut its stake.

All three major indexes registered their biggest three-day percentage declines since June 2022, and the Nasdaq and S&P 500 closed at their lowest levels since early May.

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Read More: Reuters

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    Edited | All Content | Economy | Finance | Government | North America | News | News -- WNT Selected
  • Date range
    Monday, August 05, 2024
  • Last modified
    Wednesday, September 25, 2024