The market is worried that the U.S. Federal Reserve will raise interest rates sharply. In addition, the U.S. 10-year bond yield has seen 3.44%, and it has been slightly inverted. The fear of economic recession has intensified. U.S. stocks fell on Monday. It reached a new low for the year and closed down 3.88%, entering a technical bear market.
The Dow Jones closed at 30,516 points, down 876 points or 2.79%; the S&P 500 closed at 3,749 points, down 151 points or 3.88%; the Nasdaq closed at 10,809 points, down 530 points or 4.68%.
Apple fell 3.83%, Meta fell 6.44%, Netflix fell 7.24%, Twitter fell 5%, and Tesla fell 7.1%.
The three major U.S. stock indexes plummeted, the Dow plunged more than 800 points, the Nasdaq fell more than 4%, the Fed: U.S. household wealth "shrinked" for the first time in two years, and the rise in property prices was hard to match the stock market decline. slowdown risk