Dow Jones plunges 800 points on fears of looming recession

Dow Jones plunges 800 points on fears of looming recession

New York, August 15 (RHC)– On Wall Street, the U.S. stock market took its largest single-day loss since October, with the Dow Jones dropping 800 points — or more than 3% — amid mounting fears that a recession may be around the corner. 

The drop in share prices came as Germany announced its economy contracted during the last quarter and as news emerged of a key economic indicator known as an “inverted yield curve” that has preceded the last seven U.S. recessions.
 

Edited by Ed Newman

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