Wall Street and European Stock Markets Nosedive; Brazil's IBOVESPA Crashes 2.62%



World stock markets finished lower on Monday as fear and uncertainty continued to spread regarding Trump’s 90-day immigration ban on seven Muslim-majority countries.

Tech company stocks like Google (-2.5%) and Facebook (-0.91%) were hit particularly hard today due to looming executive orders on the H1-B visa program by the Trump administration, which reportedly requires more detailed statistics on who uses the program.

The Dow Jones Industrial Average traded as low as 19,870.84 on the day as the market dived by 157 points following the open. The index recovered some of the losses towards the end of the trading session and closed at 19,971 - a decline of 122.65 points (-0.61% on the day):



The S&P 500 and Nasdaq indices posted similar declines, with the S&P 500 closing lower by 13.70 points (-0.60% on the day) and the Nasdaq Composite closing down 47.07 points (-0.83% on the day).

Some of the biggest losses took place on overseas markets like the FTSE 100, EURO STOXX 50 and CAC 40, which posted declines of 0.92%, 1.23% and 1.14%, respectively.

The biggest plunge occurred on Brazil’s IBOVESPA index, which crashed by 2.62% to settle at 64,301.73 - a drop of 1,732.25 points!



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