Dow Jones drops 1,000 points as stocks take a pounding during global sell off amid recession fears

16 Oct Business

Stocks took a sharp tumble around the world on Monday, with the US Dow Jones and UK FTSE100 both dropping 2 percent and Japan’s Nikkei index suffering its worst day in 37 years, amid worries over the possibility of a global recession.

Meanwhile, the US Dow Jones closed down 2.6 percent on Monday, sliding more than 1,000 points overall. The Nasdaq was down 3.4 percent, losing 576 points by the closing bell. This comes after US jobs data sparked a global stock market sell-off at…