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⚡️It's scary just to think about it⚡️
⚡️Smoke is everywhere⚡️
⚡️U.S. bank stocks collectively plunged
⚡️The shadow of recession looms over Wall Street!
On August 5, U.S. bank stocks collectively encountered big troubles!
JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, Citigroup, Bank of America... These usually majestic financial giants all fell before the market opened! JPMorgan Chase and Morgan Stanley fell more than 3%, followed by Wells Fargo and Goldman Sachs, falling 1.6%. But the worst were Citigroup and Bank of America, which fell more than 4%, which was simply horrible!
Why is this happening? It turns out that everyone is worried that the US economy is going to decline. Once the shadow of recession looms, bank stocks naturally can't bear the pressure and dive one after another.
It seems that the financial tycoons on Wall Street also have to pay attention to the economic direction at all times. If they are not careful, they may fall into a big trap!
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