Japan's benchmark Nikkei 225 stock index has fallen nearly 7%, extending sell-offs that shook markets last week. The Nikkei had shed more than 2,400 points to 33,488.08 about a half-hour after opening but stabilized somewhat after that. The index was down about 6.1% about an hour after trading began. Stocks tumbled Friday on worries the U.S.
A board above the trading floor shows the closing number for the Dow Jones industrial average, at the New York Stock Exchange, Friday, Aug. 2, 2024. Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.FILE - People pass the New York Stock Exchange on July 31, 2024 in New York. World shares have tumbled on Friday, August 2, 2024, with Japan ’s Nikkei 225 index slumping 5.
Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. World shares have tracked that decline. A report showing hiring by U.S. employers slowed last month by much more than expected has convulsed financial markets, vanquishing the euphoria that had taken the Nikkei to all-times highs earlier this year.of at least 1% since April. The Dow Jones Industrial Average dropped 610 points, or 1.5%, and the Nasdaq composite fell 2.4% as stocks retreated around the world and back to Wall Street.
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