Global recession fears have wiped out the U.S. stock market, second only to 2022 during the COVID-19 pandemic

According to Wallstreetbets on the X platform, today (August 2 local time), the main index and stock market of the US stock market have evaporated more than 2.90 trillion US dollars due to growing concerns about the global economic recession. This is one of the worst days for the stock market since the COVID-19 pandemic in 2022.