US Stock Market Plummets Drastically Over Concerns Regarding Trump’s Tariff Plans

The US stock market suffered a significant sell-off on Monday, with the S&P 500 falling 2.7%, taking it almost 9% below its all-time high. The Dow Jones fell by 890 points (2.1%), while the Nasdaq fell by 4%. Investors are concerned with President Donald Trump’s tariffs and policies on the economy.

The volatility of the market today is caused by Trump’s ongoing tariff volatility, which has brought uncertainty and recession concerns. The economic growth forecasts have been lowered, and some experts say there is a one-in-five possibility of a recession in the next year. While the labor market is stable, concern over the effect of tariffs is mounting.

Big tech companies, including Nvidia and Tesla, were also severely affected, with Tesla shares down 45% this year. Consumer-reliant companies, including United Airlines and Carnival, also fell hard. Meanwhile, Treasury bonds saw higher demand, pushing their price up and yield down.Stock markets globally across Europe and Asia also fell, as China’s economic weakness added to global concerns.