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Maroc Maroc - NEWSDELIVERS.COM - A La Une - 05/Aug 19:03

Concerns over the slowdown in the US economy are causing major declines in stock markets

The U.S. stock market fell on Monday on fears that the U.S. economy is experiencing a further slowdown, triggering a broad selloff in financial markets around the world. The S&P 500 index (which represents the 500 largest companies in the US) suffered its biggest drop in stock value since 2022, falling 2.4%. The Dow Jones (index of 30 largest companies) fell 2.2%, while the Nasdaq index of technology companies fell 2.7%. The decline in the value of stocks in the United States was followed by a wave of selling stocks globally, which began last week. Japan's Nikkei stock market suffered its biggest decline since 1987, losing 12.4% of its value on Monday, ahead of the opening of stock markets in Europe and the United States. It was the first opportunity for stock markets in Tokyo to react to a report on Friday that showed US employers slowed the pace of hiring last month by a much larger rate than economists had forecast. This raised fears that the Federal Reserve may have held back the US economy for too long by raising interest rates in an effort to reduce the rate of inflation. South Korea's Kospi stock fell 8.8%, stock markets …

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