Dow Tumbles 300 Points, S&P 500 Falls to The Lowest Since September on Recession Fears
Stocks dropped on Monday as the selling pressures that dragged Wall Street last week persisted, with investors worried about an economic slowdown after President Donald Trump didn’t rule out a recession with U.S. tariffs being implemented.
The Dow Jones Industrial Average dropped 317 points, or 0.7%. The S&P 500 shed 1.7%, and the Nasdaq Composite lost 2.9%. Both the 500-stock S&P and tech-heavy Nasdaq dropped to their lowest levels since September 2024.
The Nasdaq was weighed down by declines in the “Magnificent Seven” cohort. Tesla shed 8%, Alphabet fell 4%, and Meta and AI darling Nvidia lost 5%.
Stocks have been under pressure as investors fret over a possible recession due to tariffs implemented by the Trump administration. Part of the concern is that these levies could drive prices higher, thus making it harder for the Federal Reserve to lower rates. In an interview that aired Sunday, Trump responded to a question on Fox News about the possibility of a recession by saying the economy was going through “a period of transition.”
Sumber : CNBC
