Global Markets Jittery as Wall Street Drops, Bitcoin Plunges

Wall Street experiences significant downturn, with major indices falling between 0.9% and 2%. Investors express concern over American consumer health and upcoming Nvidia earnings. VIX fear index reaches highest close in a month, indicating increased investor caution. Global markets also feel the pressure, with Bitcoin plummeting nearly 30% in six weeks, hitting a seven-month low. Japans economy contracts for the first time in six quarters, sparking debates on economic stimulus. China faces deflationary pressures, potentially impacting global prices and offering relief to Washington policymakers managing inflation. The coming weeks are expected to be volatile as these economic forces unfold.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.