U.S. stock futures slumped Monday 5th August 2024 as global markets sell-off centered around potential U.S. recession fears.
About one hour before U.S. stocks open – here’s the situation
Dow Jones Industrial Average futures dropped 1250 points following a 611point loss on Friday 2nd August 2024.
S&P 500 futures are down 4.6% after the benchmark lost 1.8% on Friday 2nd August 2024.
Nasdaq-100 futures lost 6% as big tech stocks take a hit in early trading.
Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash.
If the Dow Jones decline continues it would be the first 1000 point decline since September 2022.