Financial markets are supposed to capture the wisdom of the crowd, but on Monday the crowd ran in all directions waving its hands in the air screaming. Japan’s stock market fell the most in 37 years and the VIX index of implied U.S. stock volatility had the second-biggest rise in data back to 1990. Panic hit.

Charles Schwab (SCHW.N), opens new tab, Vanguard and other online brokerages reported service disruptions on Monday, frustrating investors looking to trade on a day when many dumped anything risky from stocks to crypto on fears of a U.S. recession.

Some users are having problems logging into their accounts, the trading apps confirmed, without elaborating.

Stocks fell sharply on Friday as a much weaker-than-anticipated jobs report for July ignited worries that the economy could be falling into a recession.

The broad market index dropped 1.84% to end at 5,346.56. The Nasdaq Composite lost 2.43% to close at 16,776.16, bringing the decline for the tech-heavy index from its recent all-time high to more than 10%. The Dow Jones Industrial Average fell 610.71 points, or 1.51%, to finish at 39,737.26. At its session low, the 30-stock index was down 989 points.

he stock market reacted negatively to a bad unemployment report, and the Trump campaign lambasted Democrats for what some said are signs of a coming recession.

“Kamala Harris has proudly and repeatedly celebrated her role as Joe Biden’s co-pilot on ‘Bidenomics.’ She cast tie-breaking votes in the Senate for spending that put inflation on steroids, and despite the evidence that America’s working families are hurting she tells us these failed plans are working," read a statement from the campaign entitled "Kamalanomics."

How quickly the mood turns. Barely a fortnight ago stockmarkets were on a seemingly unstoppable bull run, after months of hitting new all-time highs. Now they are in free fall. America’s Nasdaq 100 index, dominated by the tech giants that were at the heart of the boom, has fallen by more than 10% since a peak in mid-July. Japan’s benchmark Topix index has clocked losses well into the double digits, dropping by 6% on August 2nd alone—its worst day since 2016 and, following a 3% decline on August 1st, its worst two-day streak since 2011.

Wall Street was jolted by rising economic uncertainty on Friday, and stocks skidded, capping off a turbulent week with a sharp decline.

Friday’s drop followed a report on U.S. hiring in July that was far weaker than expected, startling investors into worrying that the Federal Reserve has been too slow to cut interest rates. Traders were already growing uneasy about the state of the economy, as well as the prospects for the big technology stocks that had underpinned a market rally for much of the year, but the jobs report intensified the focus on the risks.

A stock-market selloff intensified Wednesday, wiping out hundreds of billions of dollars in value from the Magnificent Seven group of tech giants and pushing the Nasdaq Composite to its first decline of 3% or more in 400 trading days. 

US stock markets plunged on Wednesday, recording their worst losses since 2022, after investors sold off shares in struggling tech companies.

The Nasdaq index fell by 3.6%, the S&P 500 dropped 2.3%, and the Dow Jones Industrial average slid 1.2%.

“Signs of nervousness around tech stocks began to creep up in recent weeks,” reported Reuters, pointing to Wall Street’s “vulnerability to any weakness in the Big Tech trade...

Trump Media shares surged 50% in premarket trading Monday following the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday.

Trump was grazed by a bullet and treated at a local hospital, but released late Saturday after the shooting.

Shares in Trump Media & Technology Group were 50% higher in premarket trading at 6:29 a.m. ET, off earlier highs.

Former President Donald J. Trump’s stake in his social media company is worth half of what it was before his conviction on charges of falsifying business records to cover up a sex scandal during the 2016 presidential campaign

Mr. Trump’s roughly 65 percent stake in Trump Media & Technology Group, the parent of Truth Social, was worth roughly $6 billion on May 30, the day a New York jury found him guilty on all 34 charges. On Friday, the value of his 115 million shares of Trump Media had dropped to less than $3 billion.