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As our bloggy conversation becomes news reality whilst other LOCAL outlets downplay or the economic news that will UNDOUBTEDLY IMPACT KANSAS CITY WALLETS . . . Check-it:
"The Dow Jones Industrial Average fell more than 1,000 points, while the S&P 500 and the Nasdaq were both down more than 3 percent — marking the S&P 550’s biggest one-day drop since September 2022. The slides came after Japan’s Nikkei index had its worst day since its “Black Monday” crash of 1987, dropping 12.4 percent, and as European markets struggled as well.
"The heavy losses signal that investors are rattled following reports last week showing that the US had only added 114,000 jobs in July, below expectations of about 150,000, and that unemployment had risen to 4.3 percent — higher than any month since October 2021."
Read more via www.TonysKansasCity.com link . . .
What caused the global stock market meltdown
The S&P 500, Dow Jones Industrial Average, and the Nasdaq all plunged Monday.
'Kamala Crash': Trump Blames Harris For Stock Market Downturn
Trump has previously taken credit for positive shifts in the market under President Joe Biden.
Stocks set to tumble amid fears of U.S. economic slowdown
U.S. markets are set to tumble for a third consecutive trading day amidst recession fears and tensions in the Middle East.
Stock markets were heavily down globally amid US recession fears - as it happened
Wall Street's main indexes slumped on Monday.
Is the US economy heading for recession after stock market slump?
Weak jobs figures have spooked stock markets but does this mean a downturn is on the way?
Developing . . .
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