Why Markets Crashed on Monday
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Every major U.S. stock market plunged on Monday, wiping out billions of dollars in value. Jeanna Smialek, who covers the U.S. economy for The Times, discusses what was behind the dizzying sell-off — and what it can tell us about whether America is headed for a recession. ...
The meteoric rise of the U.S. stock market over the past two years has come to an abrupt end. A steep downturn recently has led to what’s known as a bear market. But what does that mean, and why might policymakers have to hurt the economy to help it in the long term?