Nearly everything on Wall Street is tumbling Monday as fear about a slowing US economy worsens and sets off another sell-off for financial markets around the world.
The S&P 500 was down by 4 percent in early trading, coming off its worst week in more than three months. The Nasdaq was down 6 percent to pull it 15 percent below its record set last month.
JPMorgan, the world’s biggest bank, now says the chances of a recession are at 50 percent.
12:24
Fears US is heading for recession triggers global stock market plunge with Japan's Nikkei experiencing worst sell-off since 'Black Monday
14:01
Major bank stocks fall into the red
14:00
Stock trading platforms reported as down
13:45
Magnificent Seven takes biggest hit on record
13:35
Almost all stocks were red at the market open in New York – and Nasdaq index down a huge 6 percent
13:29
US investors are bracing for the stock market to open at 9.30am New York time – with fears the sell-off will intensify as 'fear gauge' sees biggest daily jump
13:17
Fears of a trading circuit breaker rise as stocks set to tumble
13:09
AI darling on track for biggest ever loss in value in a day
12:56
US stocks are plunging in pre-market trading -with the S&P 500, the benchmark US index, set for biggest opening drop in four years
12:24
Top economist issues dire warning about the US economy as he tears into the Fed for huge 'policy blunder' that could send country spiraling into RECESSION: 'I really do worry'
Key Updates
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Fears US is heading for recession triggers global stock market plunge with Japan's Nikkei experiencing worst sell-off since 'Black Monday