Global selloff: Wall Street plunges, as FTSE 100 posts biggest fall in months – as it happened | Business
Wall Street joins in market rout with volatility at four-year high
Callum Jones
The market rout has now reached Wall Street, which just opened for trading.
The technology-focused Nasdaq Composite tumbled 6.2%, or 1,038.07 points, my colleague Callum Jones reports from New York.
The benchmark S&P 500 dropped 4.2%, or 223.29 points.
The Dow Jones industrial average fell 2.8%, or 1,119.01 points.
Concerns about the strength of the US economy, and the threat of a recession, are at the heart of this sell-off. A dismal jobs report on Friday heightened fears of a slowdown across the world’s largest economy.
But the Nasdaq has also been hit by the sharp decline of Apple, the world’s largest company. Warren Buffett’s investment firm, Berkshire…
