“Black Monday”: How US Recession Scare Crashed Global Stock Markets | Firstpost Tech & Trade
“Black Monday”: How US Recession Scare Crashed Global Stock Markets | Firstpost Tech & Trade
Global stock market investors have dubbed August 5 “Black Monday” after fears over the US economy led to a massive crash. From Japan’s Nikkei to New York’s Nasdaq, all major stock market indices fell, wiping out billions of dollars from investors’ pockets. The Nikkei index plummeted by over 12%, marking its second-largest decline in history. The shockwaves spread across Asia and Europe. New York’s Dow Jones, Nasdaq, and S&P 500 fell to their two-year lows. Major companies like Apple and Amazon saw declines of over 4%. This market turmoil was sparked by a worrying US job report, igniting fears of a potential recession. Is the world’s largest economy in trouble? How will this impact its politics in a crucial election year where former President Trump and Vice President Kamala Harris are set to face off? Let’s try to understand.
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45 Comments
Back ground music is very scary , need to be mild
Will a war between Iran and Israel start global economic meltdown?
You think during recessions the Democrats would stop immigration to the USA so unemployment would go down 😮
2mrw US market will be bearish, can see a blood bath in stock market
Thank you God, no more American Devilness regime anymore
Palki ji, it is rumoured that Reliance is laying off 42k employees in FY 24. Why is it not reported extensively in media. And not taken up by you too?
35 trillion debt is a depression, not a recession.
I don't know why people continue to use Sahm rule. She herself has said it may not be applied in all scenarios. She doesn't think that it is applicable now.
Ha ha ha fuck market and is crooks 😅😅😅😅
Start lifting the sanction around the world
Precision and patience paid off. I avoided impulsive moves and instead relied on a well-thought-out strategy, taking profits when the market aligned with my plan. This careful approach culminated in $259K in profits by the week's end, a clear reflection of the power of informed and disciplined trading.
Fall of American empire just because of trump and Biden because of their stupid support for isrial against the wishes of American public.
What a democracy
By the end of next month we may see slash in Interest rates. Speaking of prices, rents, leases, mortgages and property taxes are already high for the last couple of years. Gasoline prices fluctuates with market but one thing is sure, saving would become a hard task in the coming years as competition gets nasty. In America people don't protest but resort to double shift and overtime hours or theft and increase in crime rate. Stay tune to your local city news.
Even though there is no unemployment , purchasing power of consumers is drastically decreasing due to high prices and taxes .
First 30 seconds I thought I clicked on the trailer for fast and furious 13! 😂😂😂
We are going to have more and more of these…it's coming, and it feels like the monster is trying to vomit the poison.. scary stuff, soon coming to a neighborhood near you.
stores are packed restaurants are packed bars are packed hotels always sold out casinos always full what recession
1987 crash followed a prolonged real estate crash. We never knew if we would come out of it or not.
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto….
If US remove sanctions on Russia, it will reverse and global economy will see a boom.
Best one on youtube till date
https://youtube.com/shorts/2ZhRL1tDUCc?si=Dp6SHUfGtVevHGqb
Wait I thought USA is already in recession, it just on the way to depression 😅
Excellent information, thanks for the help 😊
Kamala is going to have a negative impact on the Asian Indian community in America. They worked hard and worked smart to get where they are unlike Kamala. 🤔
Everything they've always said it's true 🤷♀️
Transfer of wealth usually occur during inflation and market crash at times like this. So for me,this is time for aggressive investment. The more stocks drop, the more I buy. I'm just focused on making better investments and earning more as recession fear increases.
What else is new?😆😅🤣🤣🤣🤣
why do you need 1 minute of intro? Straight to the point please
How to deal with this https://youtube.com/shorts/fbUncnsOUXs?si=-06tmu7tgbQXlvv-
That economy will day crumble and go on its knees
What happened to the standard reporting format of first post?
This format looks very bad!
People don’t understand just how fragile a seemingly ‘too big to fail’ economy could be in certain circumstances. Even a small stock market drop similar to recent events leads to to economic downturn, which leads to banks not loaning people money, which leads to further economic downturn, and then people don’t buy things which leads to even more economic downturn.
What That Economic Arrangements Still Yet After 2019 which By Protecting 268 First in Legislative , Clerical & Entrepreneurial Global Power Ditches Entire World on Daily Basis To Reach Figure 90% World in Penury by 2026.
Does the media ask evidence from Joe Biden and Harris administration on the claims which they make? The media is quick to ask evidence from Trump but lack a spine to point the current US admin for this mess in economy post Covid.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Does news serve purpose only create for fear amongst public rather than actual reporting of reason and how market recovered in next few days.
Job market cant be reason for a sudden drop in a day so better research is expected.
Height of stupidity
SIN of WAR will follow ALL your WAR SINS
From the bottom of the heart I truly wish ALL the worst fears come true for All Jews and Anericans forever on behalf of the thise children who died and mained by you and your Allies under the hypocarcy og right to defend over the last 10 months .
Greed Kills
.. hey .. Capitalists 😢🇺🇸🙆🏻♂️
tell all of these companies to stop hiring "temps" as all of their labor workers, when in damn well they need permanent workers. the treatment, and low wages is just unsustainable.
USA has been printing money out of nothing 🙆🏻♂️ Recession Bubble is inevitable ⭕️⭕️⭕️
US not paying Debts
When did Kamala Harris become black?
The battle of attrition this will be legendary