Global Market Update: Massive Drop in US Markets After a Month
Zee Business Video Team | Updated: September 4, 2024 11:36 AM IST
Global Market Update: Big fall in American markets after 1 month: Dow fell 675 points and closed below 41000, Nasdaq 3.25%. Broken, Russell 2000 fell 3%. 10 year bond yield slipped to near 3.8%. Strong beating of IT and semiconductor stocks: NVIDIA shares fell 9.5%. Biggest decline of semiconductor ETF since Covid. Boeing shares fell 7% due to Wells Fargo's downgrade. Heavy fall of 4% in crude oil, to the lowest level of December 2023. Chances of ending political tension in Libya. Concern of slowdown due to weak manufacturing data in China, US
