Investors panicked due to weaker July jobs report, disappointing earnings, and potential Middle East turmoil, pushing for emergency Fed meeting to slash interest rates.
Sell-off on Monday likely driven more by internal market dynamics than economic fundamentals, indicating possible turbulent times ahead discerned by investors.
The key event triggering the sell-off was Bank of Japan's interest rate hike, signaling global impact beyond U.S. economy and corporations.
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