U.S. stocks took a nosedive Monday as recession fears spooked investors following remarks from former President Donald Trump. During a Fox News interview, Trump refused to dismiss the possibility of an economic downturn this year, amplifying anxiety over ongoing trade tensions and market stability.
The Dow Jones Industrial Average sank 2.08%, while the S&P 500 and Nasdaq Composite tumbled 2.7% and 4% respectively—marking one of the year’s steepest single-day drops. 💥 Tech stocks bore the brunt of the sell-off, with Tesla plunging over 15%, and semiconductor giants ASML and Micron each sliding 6%. Even Nvidia, a darling of the AI boom, lost 5% as traders raced to cut losses.
Analysts say Trump’s comments reignited concerns about global trade disruptions linked to his tariff policies, which could further strain supply chains. 🛑 'Markets hate uncertainty,' said one trader. 'When leadership casts doubt, investors bolt.'
