The US stock market suffered another sharp sell-off on Monday, with Wall Street rattled by uncertainty over tariffs and economic policy under President Donald Trump. The S&P 500 fell 3.2%, marking its steepest drop since 2022, while the Dow Jones Industrial Average tumbled 1,042 points (2.4%). The Nasdaq Composite plunged 4.6%, weighed down by steep losses in tech stocks.

The S&P 500 is now 9.1?low its record high from February 19, with investors fearing that volatile trade policies could disrupt business confidence and economic growth. Recent Federal Reserve indicators suggest the US economy may already be contracting, and surveys indicate rising pessimism.

Asked about a potential recession in 2025, Trump told Fox News that the economy is undergoing a "big transition" and that bringing wealth back to America "takes time." His administration’s push to restore US manufacturing has included tariffs, which Treasury Secretary Scott Bessent described as part of a "detox period" from government-driven economic support.

Goldman Sachs has cut its US growth forecast for 2025 from 2.2% to 1.7%, citing greater-than-expected tariffs. Economist David Mericle estimates a 20% chance of recession but notes that the White House can still adjust policy to prevent severe economic damage.

Tech stocks have been hit hard, with Nvidia down 5.9%, bringing its 2025 losses to 21?ter a meteoric rise in previous years. Tesla plunged 15.1%, deepening its 2025 drop to 45% amid branding concerns tied to CEO Elon Musk.

Meanwhile, investors are shifting to US Treasury bonds, driving the 10-year yield down to 4.21% from 4.32%. Despite the turmoil, mergers continue. Redfin soared 64.7?ter Rocket announced a $1.75 billion acquisition, though Rocket’s stock fell 17.2%.

The US stock market suffered another sharp sell-off on Monday, with Wall Street rattled by uncertainty over tariffs and economic policy under President Donald Trump. The S&P 500 fell 3.2%, marking its steepest drop since 2022, while the Dow Jones Industrial Average tumbled 1,042 points (2.4%). The Nasdaq Composite plunged 4.6%, weighed down by steep losses in tech stocks.

The S&P 500 is now 9.1?low its record high from February 19, with investors fearing that volatile trade policies could disrupt business confidence and economic growth. Recent Federal Reserve indicators suggest the US economy may already be contracting, and surveys indicate rising pessimism.

Asked about a potential recession in 2025, Trump told Fox News that the economy is undergoing a "big transition" and that bringing wealth back to America "takes time." His administration’s push to restore US manufacturing has included tariffs, which Treasury Secretary Scott Bessent described as part of a "detox period" from government-driven economic support.

Goldman Sachs has cut its US growth forecast for 2025 from 2.2% to 1.7%, citing greater-than-expected tariffs. Economist David Mericle estimates a 20% chance of recession but notes that the White House can still adjust policy to prevent severe economic damage.

Tech stocks have been hit hard, with Nvidia down 5.9%, bringing its 2025 losses to 21?ter a meteoric rise in previous years. Tesla plunged 15.1%, deepening its 2025 drop to 45% amid branding concerns tied to CEO Elon Musk.

Meanwhile, investors are shifting to US Treasury bonds, driving the 10-year yield down to 4.21% from 4.32%. Despite the turmoil, mergers continue. Redfin soared 64.7?ter Rocket announced a $1.75 billion acquisition, though Rocket’s stock fell 17.2%.