US Stock Market Plunges Amid Recession Fears and Tariff Uncertainty
In a dramatic turn of events, the US stock market witnessed a significant sell-off, with the Dow Jones Industrial Average plummeting nearly 900 points following comments from Trump, who refused to rule out the possibility of a recession. The Nasdaq also suffered major losses, sinking 4% and entering correction territory. Investors are increasingly concerned about the consequences of tariffs and the broader economic slowdown, leading to fears that the market could be on the brink of a deeper downturn. The sell-off erased previous gains, causing the S&P 500 to drop to a six-month low, while tech stocks like Tesla and Nvidia also faced severe declines. Analysts suggest that ongoing economic uncertainties could continue to put pressure on Wall Street.
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