{"id":134898,"date":"2024-08-05T09:56:40","date_gmt":"2024-08-05T06:56:40","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134898"},"modified":"2024-08-05T09:56:40","modified_gmt":"2024-08-05T06:56:40","slug":"recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/","title":{"rendered":"Recession Fears Grow; Market Wipes Out Nearly $3 Trillion in 1 Day"},"content":{"rendered":"<p>The drop, reported on August 2, 2024, is the biggest since March 16, 2020, when the COVID pandemic sparked similar concerns.<\/p>\n<p>Jacob King, a financial analyst, highlighted that major stock indices have suffered serious losses due to growing recession fears. This decline was triggered by disappointing U.S. employment data, which showed slower job growth and rising unemployment\u2014the highest since October 2021. In addition, the weak performance of the U.S. manufacturing sector and weak earnings at semiconductor giant Intel worsened the situation.<\/p>\n<p>On this turbulent day, the major world indices fell significantly. The S&amp;P 500 index, tracking the 500 largest U.S. companies, faced its worst session in nearly two years. The Nasdaq Composite dropped 2.6%, and the Dow Jones Industrial Average fell 2%, or 820 points. Prominent technology stocks were hit hard, with Amazon shares plunging 12.5% on missed earnings expectations and a dismal forecast. Intel shares fell 29%, and Nvidia also saw a significant decline on the day.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/will-the-next-housing-market-crash-surpass-that-of-2008\/\" title=\"Will The Next Housing Market Crash Surpass That of 2008?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/house-gc0392410a_1280-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Will The Next Housing Market Crash Surpass That of 2008?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Deutsche Bank&#8217;s Jim Reed noted that the recent decline reflects rising risk sentiment in the market, exacerbated by weak U.S. economic data and disappointing technology earnings. This global market decline underscores widespread concern about a potential economic slowdown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.<\/p>\n","protected":false},"author":7,"featured_media":32254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60],"tags":[],"class_list":["post-134898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Recession Fears Grow; Market Wipes Out Nearly $3 Trillion in 1 Day<\/title>\n<meta name=\"description\" content=\"Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recession Fears Grow; Market Wipes Out Nearly $3 Trillion in 1 Day\" \/>\n<meta property=\"og:description\" content=\"Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-05T06:56:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2019-08-29-trump-recession-stock-market.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kosta Gushterov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kosta Gushterov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/\",\"name\":\"Recession Fears Grow; Market Wipes Out Nearly $3 Trillion in 1 Day\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2019-08-29-trump-recession-stock-market.jpeg\",\"datePublished\":\"2024-08-05T06:56:40+00:00\",\"author\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/f5770e36288515bca160ee4878e48d1a\"},\"description\":\"Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2019-08-29-trump-recession-stock-market.jpeg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2019-08-29-trump-recession-stock-market.jpeg\",\"width\":1200,\"height\":630,\"caption\":\"\u0420\u0435\u0446\u0435\u0441\u0438\u044f\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"Cryptodnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/f5770e36288515bca160ee4878e48d1a\",\"name\":\"Kosta Gushterov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ffb619c90ceb226fc15531f787b1bc58?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ffb619c90ceb226fc15531f787b1bc58?s=96&d=mm&r=g\",\"caption\":\"Kosta Gushterov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/kosta-gushterov\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Recession Fears Grow; Market Wipes Out Nearly $3 Trillion in 1 Day","description":"Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/","og_locale":"en_US","og_type":"article","og_title":"Recession Fears Grow; Market Wipes Out Nearly $3 Trillion in 1 Day","og_description":"Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.","og_url":"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/","og_site_name":"Cryptodnes EN","article_published_time":"2024-08-05T06:56:40+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2019-08-29-trump-recession-stock-market.jpeg","type":"image\/jpeg"}],"author":"Kosta Gushterov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kosta Gushterov","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/","url":"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/","name":"Recession Fears Grow; Market Wipes Out Nearly $3 Trillion in 1 Day","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2019-08-29-trump-recession-stock-market.jpeg","datePublished":"2024-08-05T06:56:40+00:00","author":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/f5770e36288515bca160ee4878e48d1a"},"description":"Financial analysts say fears of a global recession have risen after a dramatic $2.9 trillion drop in stock market values.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/recession-fears-grow-market-wipes-out-nearly-3-trillion-in-1-day\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2019-08-29-trump-recession-stock-market.jpeg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/2019-08-29-trump-recession-stock-market.jpeg","width":1200,"height":630,"caption":"\u0420\u0435\u0446\u0435\u0441\u0438\u044f"},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"Cryptodnes EN","description":"Crypto News, Bitcoin Analysis and More","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/f5770e36288515bca160ee4878e48d1a","name":"Kosta Gushterov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ffb619c90ceb226fc15531f787b1bc58?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ffb619c90ceb226fc15531f787b1bc58?s=96&d=mm&r=g","caption":"Kosta Gushterov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/kosta-gushterov\/"}]}},"modified_by":"Kosta Gushterov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/134898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=134898"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/134898\/revisions"}],"predecessor-version":[{"id":134900,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/134898\/revisions\/134900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/32254"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=134898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=134898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=134898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}