Stocks opened sharply lower on Wall Street on Monday afternoon as investors fear a US economic slowdown. At the time of writing, the Dow Jones Industrial Average dropped 2.40% to 38,772.21, while the tech-heavy Nasdaq declined 3.74% to 16,152.58. The S&P 500 was also in the red, falling 2.82% to 5,196.00. It followed European markets also moving lower as risk-off sentiment continues to prevail. European markets move sharply lower as global turmoil deepens”Markets are experiencing panic selling due to softened economic data in the US, while the Federal Reserve (Fed) remains reluctant to lower i…