On Monday, August 6, U.S. stock markets closed sharply lower, with the Nasdaq and S&P 500 each falling over 3%. This extended last week's sell-off driven by fears from weak economic data and a soft U.S. payrolls report. Concerns over a slowing economy and the Federal Reserve's decision to keep interest rates steady contributed to the decline. Apple shares dropped 4.8% after Berkshire Hathaway halved its stake, boosting its cash reserves to $277 billion. According to economic data, the PMI of the ISM services rose to 51.4 in July from 48.8 in April, surpassing market expectations of 51. Meanwhile, the S&P Global composite PMI was revised down to 54.3 from the preliminary 55. All sectors of the S&P 500 index ended in the red on ...