Stocks plunged on Monday as U.S. recession fears caused turmoil throughout the global markets.
The Dow Jones Industrial Average tumbled 1,000 points, while the Nasdaq Composite and S&P 500 also fell by 5% and 3.7%, respectively.
Japanese stocks also fell on Monday, with the Nikkei 225 index closing lower by more than 12% – 4,451.28 points – in its worst day since 1987.
Cryptocurrencies plunged as well, with the price of bitcoin falling 17.5% to $50,239 a coin on Monday morning. The price of ethereum slid 23% to $2,230 apiece.
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The Dow Jones Industrial Average tumbled 1,000 points, while the Nasdaq Composite and S&P 500 also fell by 5% and 3.7%, respectively.
Japanese stocks also fell on Monday, with the Nikkei 225 index closing lower by more than 12% – 4,451.28 points – in its worst day since 1987.
Cryptocurrencies plunged as well, with the price of bitcoin falling 17.5% to $50,239 a coin on Monday morning. The price of ethereum slid 23% to $2,230 apiece.
US stocks tumble as part of global market sell-off
Stock futures tumbled on Monday as U.S. recession fears caused turmoil throughout the global markets. Japan's Nikkei 225 had its worst day since 1987.
www.foxbusiness.com
