Market watchers called worries of a recession in the US economy “not in line with economic fundamentals”
All three major indexes registered their biggest three-day percentage declines since June 2022
The scale of losses on Japan’s Nikkei had not been seen since the global financial crisis
US Federal Reserve chairman Jerome Powell on Wednesday said “there was a growing sense of confidence” the central bank could cut rates in September
Nvidia’s lead in the AI boom already has made it the most popular stock among individual investors over the past year
Some investors also expect a widening crisis could prompt safe-haven buying of Treasuries