Stocks Sink as Economic Jitters Fuel Rush to Bonds

News August 01, 2024 at 03:07 PM
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What You Need To Know

  • Wall Street sees weak economic data fueling outlook for rate cuts.
  • The S&P 500 dropped 2%. The Nasdaq 100 sank 3%. The Russell 2000 of small caps tumbled 3.5%.
  • The "fear gauge," or VIX, headed toward its highest this year.
Red arrow moving down over negative data charts