August 5, 2002 (Monday)
- Recent celebrity deaths: Chick Hearn, pro-basketball announcer dies at the age of 85.
- Stock market downturn of 2002: U.S. indices continue heavy losses from the previous week and fall by over three percent on the day, NASDAQ falling below its July 23 low.
- British cases of Legionnaires' disease continue to rise, to a total of 56 diagnosed cases so far, in that country's largest outbreak for many years.
- Microsoft has announced that it is to make some concessions towards the proposed final settlement of the United States v. Microsoft case, ahead of the judge's verdict.
- The gun turret of the USS Monitor was raised from the sea bottom off the coast of North Carolina, where it had lain since sinking in 1869.