USA Today Episodes Around August 5, 2024
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2:55:41Now PlayingWatch: New York Stock Exchange
Aug 5, 2024·7.1K views
August 5, 2024
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2:55:41Now PlayingThe S&P 500 Index opened down 4.2% and NASDAQ 100 fell 5.4% after global markets overnight plunged over investor worry about a possible recession in the world's biggest economy.
Driving the rout: Sharp declines in high-flying tech stocks including Nvidia, Apple, Amazon and Google. As investors ran to buy U.S. treasuries, mortgage rates declined, opening the door for some borrowers to refinance, experts said.
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