Dow falls 900 points in market rout after Trump says he won’t rule out a recession
S E E D E D C O N T E N T
US stocks plunged Monday, continuing a steep selloff driven by concerns about the impact of President Donald Trump’s tariffs on economic growth.
All three major indexes were sharply lower Monday after Trump said the US economy would see “a period of transition” and refused to rule out a recession, in an interview that aired Sunday.
When asked on Fox News’ “Sunday Morning Futures With Maria Bartiromo” if he was expecting a recession this year, Trump said “I hate to predict things like that. There is a period of transition because what we’re doing is very big.”
The Dow sank by more than 900 points, or 2.1%, Monday; the broader S&P 500 dropped by 2.8% and the tech-heavy Nasdaq Composite plummeted 4.3%.
Tech stocks were leading the selloff Monday, weighing on the S&P 500 and dragging the Nasdaq into correction territory. As of the afternoon, the S&P 500 was down 8.6% from its record high on February 19, and the Nasdaq was on track for its worst day since September 2022.
The “Magnificent Seven” of tech stocks — Alphabet ( GOOG ), Amazon ( AMZN ), Apple ( AAPL ), Meta ( META ), Microsoft ( MSFT ), Nvidia ( NVDA ) and Tesla ( TSLA ) — were all in the red on Monday, driving the broad selloff.
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Trump's plan to send the country into total chaos is working.
One of the bigger anti Trump and Musk protests I've seen so far. Chicago comes through again.
You'd be on to something if that were true. That is a picture of the women's march.
This is EXACTLY what he wanted!
Every policy decision, every appointee, DOGE and Musk, Project 2025 has come to fruition faster than Russia could have hoped for.
No more "Make America Great Again" taxpayer funded rallies because that stupid slogan was the con job on the electorate. It's over! No greatness to see here.
Musk using government tax dollars for billions to pay with his rocket toys to smash, crashing his Tesla stocks while manipulating the EV charger market with his government access, destroying Twitter and allowing it to crash and burn, this guy is so overblown and hyped by fools what did Trump or the gullible followers expect.
No billionaire on earth cares about "we the people" and they bought enough politicians and judges so they never have to.
Even a toad like Maria Bartiromo will start to have second thoughts when her precious financial industry starts to plunge.
nah, she's used to fellating maga. she'll just have to start charging for it now ...