Dow Tumbles, Fears of a Recession Rise as Global Stock Markets Llunge

Dow tumbles, fears of a recession rise as global stock markets plunge. A global stock market plunge is sparking fears of a recession as the Dow tumbled, falling more than 1,000 points Monday. Japan’s Nikkei 225 fell more than 12%, South Korea’s Kospi dropped 8%, and the U.K.'s FTSE 100 was down 3%.

The sharp drop follows a dismal July jobs report, which showed hiring fell sharply and the unemployment rate climbed to 4.3%—the highest since October of 2021.

There's concern the Federal Reserve missed its window to be ahead of a recession by not cutting interest rates.

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