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Stocks tumble amid fears of slowing U.S. economy

The Nasdaq and S&P 500 also saw steep losses.

Kevin Vesey

Aug 5, 2024, 10:34 PM

Updated 41 days ago

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Stocks fell deep into the red Monday amid fears of a worsening economy in the United States and abroad.
The Dow Jones Industrial Average tumbled more than 1,000 points by the end of trading. The Nasdaq and S&P 500 also saw steep losses.
All eyes will be on the Federal Reserve next month, as the agency looks toward a possible interest rate.