Source: NBC News
“Major stock indexes tanked Monday, continuing a sell-off that gathered steam last week as rattled investors began zeroing in on the prospect of a significant falloff in U.S. growth amid persistent inflation and a wobbling job market. The broad S&P 500 index closed down 2.7%. … It was the biggest one-day drop since December. The tech-heavy Nasdaq fell 4% as it plunged deeper into ‘correction’ territory, meaning it is off more than 10% from recent highs. It was its worst day since 2022. The Dow Jones Industrial Average dropped nearly 900 points, or roughly 2.1%. Recession fears were heightened this weekend after Trump declined to say that there wouldn’t be one. In an interview with Fox News that aired Sunday, Trump responded to a question about the possibility of a recession by saying the economy was going through ‘a period of transition.'” (03/10/25)