Dow drops nearly 1,000, and Japanese stocks suffer worst crash since 1987 on US economy fears

FILE - People pass the New York Stock Exchange on July 30, 2024 in New York. Japan's benchmark Nikkei 225 stock index has lost 12.4% on Aug. 5, 2024, in the latest bout of sell-offs that are jolting world markets.

Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.