Live updates: Global stock markets end the day sharply lower

A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell in New York City on August 5.

Stocks ended a turbulent trading session on a dour note as investors feared that the US economy is on shaky legs.

The Dow plunged 1,034 points, or 2.6%. The S&P 500 dived 3% and the Nasdaq Composite slid 3.4%.

The blue-chip Dow and benchmark S&P 500 index notched their biggest daily percentage loss since 2022, when the Federal Reserve’s aggressive rate-hiking cycle helped send the S&P 500 into a bear market.

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