Dusseldorf The mood on the stock exchanges is currently changing at record speed: After the US markets had risen across the board on Wednesday, prices collapsed even more on Thursday.
The Dow Jones index of standard values fell by more than two percent to 29,808 points, the lowest level since December 2020. At that time, breaking through the 30,000 mark had caused euphoria on the stock exchanges.
There is currently a sell-off mood: The market-wide S&P 500 fell by 3.5 percent to 3657 points on Thursday. That was also the lowest level since December 2020.
Stocks including Home Depot, Intel, Walgreens, JP Morgan and American Express hit new 52-week lows amid rising recession fears. The S&P 500 is now pricing in an 85 percent chance of a US recession, experts at US bank JP Morgan told Bloomberg.
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