Article Synopsis
Global market volatility is rising as concerns over the U.S. economic outlook and a typically weak September for stocks unsettle investors. Following brief optimism that U.S. interest rate cuts would boost growth, weak manufacturing data has triggered fresh selloffs, with the S&P 500 falling over 2% and Japan’s Topix dropping 3.7%.
Tech stocks, including Nvidia, took significant hits, and bond yields have fallen, reflecting recession fears. The dollar faces uncertainty amid speculators betting against it, adding to the market instability. Analysts suggest a possible shift from equities to bonds as recession risks loom.
US market selloff stokes recession fears, trounces rate cut cheer
Sep 04,2024
Article from Reuters by Naomi Rovnick
Article Synopsis
