U.S. stocks close sharply lower as Wall Street overwhelmed by recession panic

Traders work at the New York Stock Exchange in New York, the United States, on Aug. 14, 2019. U.S. stocks closed remarkably lower on Wednesday, as persisting fears over an imminent recession struck a blow to the already-dampened investor sentiment. The Dow plunged 800.49 points, or 3.05 percent to 25,479.42, marking the largest daily decline of the year so far. The S&P 500 decreased 85.72 points, or 2.93 percent, to 2,840.60. The Nasdaq Composite Index fell 242.42 points, or 3.02 percent, to 7,773.94. (Xinhua/Guo Peiran)