Market Turmoil Sparks Global Sell-Off Amid Economic Fears Wall Street experiences steepest drop since 2022 as recession worries escalate and tech stocks tumbleInvestors around the world had quite the rollercoaster ride, as stock markets experienced their steepest declines since 2022. Investors are also turning their eyes to the Bank of Japan, where rising interest rates are inciting significant reactions among currency traders. Last week, the Bank raised its main interest rate, seeking to stabilize the yen. Analysts have offered revised estimates for tech stock performance, translating to steep declines across major firms. With all these elements colliding, it's apparent the financial markets remain as unpredictable as ever.

Source: Washington Post August 08, 2024 13:26 UTC