Wall Street Plunges as US Recession Fears Hurt Risk Appetite

August 05, 2024, 11.10 PM
Wall Street Plunges as US Recession Fears Hurt Risk Appetite

ILUSTRASI. Wall Street's main indexes slumped on Monday as risk appetite among investors dropped.

Source: ReutersEditor: Wahyu T.Rahmawati

WALL STREET - NEW YORK. Wall Street's main indexes slumped on Monday as risk appetite among investors dropped on fears of a U.S. recession following weak economic data last week, sending tremors across global markets.

Market worries eased a bit as the day progressed and stocks pared losses after data showed U.S. services sector activity in July rebounded from a four-year low amid a rise in orders and employment.

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