Dow drops 800 points, Nasdaq craters 3% in global market rout

U.S. stocks experienced a significant decline on Monday, with the Dow Jones Industrial Average dropping 951 points (2.4%), the Nasdaq Composite losing 3.1%, and the S&P 500 falling 2.7%. This sell-off was part of a broader global market downturn driven by fears of a U.S. recession following a disappointing jobs report. Japan's Nikkei 225 index plummeted 12.4%, marking its worst day since the 1987 Black Monday crash. Investors are concerned that the Federal Reserve is not acting quickly enough to cut interest rates, which remain at their highest levels in two decades. Major tech stocks were particularly hard hit, with Nvidia down 6.5% and Apple falling over 4% after Berkshire Hathaway reduced its stake. The market volatility has led to a surge in U.S. Treasury bond purchases, pushing yields down. Analysts suggest that the current market correction is overdue and may present buying opportunities, while others warn of continued volatility in the coming months due to mixed economic signals and election uncertainties. The CBOE Volatility Index reached its highest levels since early 2020, indicating increased market anxiety.

- U.S. stocks fell sharply amid recession fears, with the Dow down 951 points.

- Japan's Nikkei 225 experienced a historic drop of 12.4%.

- Major tech stocks, including Nvidia and Apple, faced significant losses.

- Analysts view the market correction as a potential buying opportunity.

- The CBOE Volatility Index indicates heightened market anxiety.