The three major indices of the U.S. New York stock market all closed sharply lower on the 5th (local time) due to fears of an economic recession.



On that day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average fell 2.6% compared to the previous trading day. The S&P 500 index, focused on large-cap stocks, dropped 3%, and the tech-heavy Nasdaq index plummeted 3.43% to close the session.


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