U.S. stock indexes continue falling in price after their 2% crash on Friday and that of 3.5% on Monday. Tuesday started with the sharpest decrease of 4% since 2012.
S&P 500 was 4.1% down, at the level of 2648.94 points. It is the deepest dive since August, 2011. Dow Jones was 4.6% down, at 24 345.75, the lowest level since 2011 as well. Nasdaq lost 3.8%, sliding to the level of 6967 points. Besides, 10-year U.S. Treasury yields went down from 2.852% on Friday to 2.794%.
Asian trading session also started with a sharp decrease. For example, the Japanese Topix dropped down by 5.7%.
U.S. stock indexes has lost about 7% in total since Monday.
Experts think that U.S. stock indexes crash resulted from the change in the expectations of inflation and the interest rates. Investors were scared, which brought more turmoil to the market. That was triggered by the report that 200 000 jobs were added to the U.S. economy, while unemployment reached its lowest level since 2000, 4.1%. Besides, U.S. average wages increased by 2.9% Y-o-Y for January. According to Minneapolis Fed president Neel Kashkari, these data can influence the United States prime interest rate.