Nasdaq and S&P suffer the biggest plunge in two years - one AI company sees biggest ever loss in market value
Nearly everything on Wall Street is tumbling Monday as fear about a slowing US economy worsens and sets off another sell-off for financial markets around the world. The S&P 500 was down by 4 percent in early trading, coming off its worst week in more than three months. The Nasdaq was down 6 percent to pull it 15 percent below its record set last month. Meanwhile, online brokerages including Charles Schwab and Fidelity Investments were down on Monday - as Americans tried to log in to see how their portfolios were affected.
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