US indexes plummet at close amid recession concerns

Monday, 22. August 2022 22:00

Stock market indexes in the United States dropped significantly at the close on Monday amid concerns over rising interest rates and recession worries. Zoom Video Communications, Inc. is set to release its quarterly report shortly.

The Dow Jones fell by 1.91% or 643 points as Intel Corp plummeted by 4.35%. The Nasdaq 100 decreased by 2.66% at the end of the trading session, pulled down by Netflix which dropped by 6.06%. The S&P 500 declined by 2.14% at the close, with Warner Bros Discovery dwindling by 7.43%.

The euro was 0.97% lower compared to the dollar, selling for $0.99427 at 3:58 pm ET.

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Author:
Baha Breaking News (BBN) / JN