Worst Day on Wall Street Since 2022

Wall Street experienced its worst day in nearly two years on Monday, with major indices like the Dow Jones, Nasdaq, and S&P 500 plummeting significantly. The Dow fell over 1,000 points, the Nasdaq dropped 3.8%, and the S&P 500 declined 3%, continuing a sell-off that began last week due to disappointing economic data and rising recession fears. A weak U.S. jobs report and concerns about the Federal Reserve's interest rate policies further fueled market instability. The sell-off was exacerbated by global market reactions, including a 12.4% drop in Japan's Nikkei 225. Financial experts advise against panic selling, suggesting the market is undergoing a routine correction. Additionally, significant declines in major tech stocks, including Apple, contributed to the market's downturn.