Dow Jones plummets on recession fears

Dow Jones plummets on recession fears

The Dow Jones industrial average fell almost 500 points within minutes of opening in New York today.

Wall Street looked set to be heading for another substantial plunge as fears of a global recession and a wave of profit warnings stirred panic among investors and sent world financial markets into a tailspin.

The drop was widely expected after Dow Jones futures fell as much as 550 points, the maximum amount allowed, before markets opened, triggering a freeze in selling.

More in this Section

Landlord Yew Grove says its tenants paying almost all rents due this quarterLandlord Yew Grove says its tenants paying almost all rents due this quarter

EU sets up new Covid-19 company fraud unit at EuropolEU sets up new Covid-19 company fraud unit at Europol

Jobs boost for US as lockdown easing sees millions back at workJobs boost for US as lockdown easing sees millions back at work

Passenger numbers in Cork and Dublin airports plunge 99% in April and MayPassenger numbers in Cork and Dublin airports plunge 99% in April and May


Lifestyle

We don’t cook with lobster often, so this was a bit of a re-education in preparing and using lobsters.Currabinny: Recipes completely manageable for lobster novices

More From The Irish Examiner