USA Stock Market Plummets: A Sign of Great Recession?

Sunday, 4 August 2024
The US stock market has experienced a significant downturn in recent weeks, sparking concerns among investors and economists about the possibility of a great recession. The Dow Jones Industrial Average (DJIA) has fallen by over 10% from its peak, while the S&P 500 and Nasdaq Composite have also suffered substantial losses. Causes of the Market Plummet: Several factors have contributed to the market’s decline: 1. Inflation Concerns: Rising inflation rates have led to fears of interest rate hikes, which could slow down economic growth.2. Global Economic Slowdown: Weak economic data from China and Europe has raised concerns about a global economic downturn.3. Trade Tensions: Ongoing trade disputes between the US […]

USA Stock Market Plummets: A Sign of Great Recession?

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