S&P 500 plummets to new low for the year while Dow Jones closes down 875 points, as US investors fret about possible recession
Fears about a possible recession pounded stock markets worldwide on Monday, and Wall Street’s S&P 500 tumbled into the maw of what’s known as a bear market after sinking more than 20% below its record set early this year.
The S&P 500 dropped 3.9% to a new low for the year as investors resumed trading after the weekend and reflected on Friday’s stunning news...