US stock markets experienced a significant downturn on Monday, fueled by concerns over a potential recession. The tipping point came after President Donald Trump, in a Fox News interview, did not dismiss the possibility of an economic slowdown this year, stirring uncertainty among investors.
As the trading day concluded, the Dow Jones Industrial Average recorded a steep decline of 2.08%, while the S&P 500 fell by 2.70%. The Nasdaq Composite Index saw the most substantial drop, tumbling 4%.
Tech giants were particularly hard-hit, with Tesla's shares plummeting over 15%. Semiconductor companies ASML and Micron Technology each saw their stocks fall by more than 6%, and Nvidia's shares decreased by over 5%.
These market movements reflect the heightened anxiety surrounding the implications of President Trump's tariff policies and the broader economic outlook. Investors are closely monitoring developments as they navigate the volatile market conditions.
Reference(s):
cgtn.com
