01:03 PM EDT, 08/05/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded fund IWM and IVV were down sharply. Actively traded Invesco QQQ Trust (QQQ) dropped 2.3%. US equity indexes plunged midday while most government bond yields rebounded modestly, with markets pricing in an extreme scenario of a 100 basis-point cut in interest rates in September, spurring concern a US...

12:13 PM EDT, 08/05/2024 (MT Newswires) -- US equity indexes plunged midday Monday and government bond yields extended declines after markets began to price in an extreme scenario of a 100 basis-point cut in interest rates in September, boosting volatility and fanning concern a recession is lurking. The Nasdaq Composite fell more than 1,000 points intraday before trading 2.6% lower...

01:30 PM EDT, 08/05/2024 (MT Newswires) -- Financial stocks were in the red in Monday afternoon trading, with the NYSE Financial Index falling 2.4% and the Financial Select Sector SPDR Fund (XLF) dropping 2.2%. The Philadelphia Housing Index fell 2.2%, and the Real Estate Select Sector SPDR Fund (XLRE) slumped 1.5%. Bitcoin (BTC-USD) tumbled 6.2% to $54,520, and the yield...

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Apple ( AAPL ) falls as Berkshire cuts its stake by half * Wall Street fear gauge spikes, last at 72.94 * U.S. does not look like it is in recession: Fed's Goolsbee * Indexes down: Dow 2.17%, S&P...