US stocks plunge after sharp falls in Europe and Asia
Traders work on the floor of the New York Stock Exchange
Photo: AFP / Getty Images North America
US stock markets tumbled on Monday following falls in Europe and Asia as fears rose that the American economy is heading for a slowdown.
The S&P500 is steadily falling and before 7am NZT had dipped below the psychological 3 percent mark.
The technology-heavy Nasdaq index opened 6.3 percent lower, before recovering some ground and then continuing its losses.
Markets around the world have been facing furious selling and sharp falls on fears that the US economy is heading for a slowdown - and that many AI and tech stocks are overvalued.
The global sell-off began on Friday after reports showed a weakening economy, then swept around the world. Last evening Japan's Nikkei 225 closed down 12.4 ...










