Dow plunges more than 1,000 points as global stock rout deepens on recession fearArticle from Business Insider by Matthew Fox

Article Synopsis
U.S. stocks experienced a significant crash on Monday, with the Nasdaq dropping nearly 6% and the Dow Jones losing over 1,000 points. The decline, which began last week due to poor earnings reports from Amazon and Intel and weak job growth data, intensified following Japan’s worst stock market decline since 1987.
A surprise interest rate hike by the Bank of Japan exacerbated the sell-off, further alarming investors about a potential recession. Additionally, Berkshire Hathaway’s reduction of its Apple stake and the sharp fall in Bitcoin added to the market’s risk-off sentiment. Uncertainty remains about whether the market will stabilize or if this marks a longer-term downturn.