Fears of a U.S. recession cascaded across global markets with the Dow Jones Industrial Average down a whopping 1,200 points premarket, off more than 1,000 in early trading.
A selloff in Japan overnight first set off a drubbing in Asia and Europe, now Stateside. Media and tech shares were pummeled, with red across the board.
Warner Bros. Discovery is down nearly 8% and the last thing this shaky stock needed was a global market downturn. But declines are were across the board today from Disney and Netflix to Apple and Amazon and across broadcasters, exhibitors and social media.
The Nasdaq is down 3.6%, the S&P 500 has tumbled 3% and the DJIA was down around 2.4%. Pressure on stocks started Friday after the Department.
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