Recession looming? What the recent stock market dive could mean for Utahns

SALT LAKE CITY (ABC4) -- It was a rough Monday across global markets as fears of a softening U.S. economy led to steep losses on Wall Street and beyond.

In Japan, the Nikkei 225 had its worst day since the Black Monday crash of 1987. In the U.S., the S&P 500 slipped 3%, marking its worst day since 2022. The Dow Jones Industrial Average fell more than 1,000 points.

A combination of factors, including a lower-than-expected U.S. jobs report and disappointing earnings in the tech sector, led to the global sell-off. It came as concerns mount over the possible slowing of the world’s largest...