Wall Street Plunges as US Recession Fears Hurt Risk Appetite

August 05, 2024, 11.10 PM | Source: Reuters
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.

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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