NEW YORK — Wall Street crumbled again on Monday while other global stocks mostly fell as a wave of bad feeling about economic growth swept over investors. Prominent US investor Jeffrey Gundlach touched off more bloodletting around midday after telling CNBC US equities probably were already in bear market territory. The Nasdaq is now 16.7 percent below its August peak, inching toward a bear market as well. "He said that this market looked like a bear market and perhaps it would go lower." Retail woes in BritainEarlier on Monday, major European stock markets also fell.

Source: Philippine Star December 18, 2018 02:52 UTC