MSNBC -Stocks fell sharply Monday amid growing economic uncertainty and persistent worries about President Donald Trump’s tariff policies. Wall Street’s worst day of 2025 came a day after Trump refused to rule out a recession in an interview with Fox News.
The S&P 500 fell roughly 2.7% and is now down 9% from its record high just one month ago. The Dow Jones Industrial Average dropped nearly 900 points, or approximately 2%. And the Nasdaq Composite had the worst day of the three major indexes, falling 4 percent in its worst day since mid-2022.
Many big names suffered significant losses Monday, including many of the "Magnificent 7" tech stocks that led the markets to new highs in recent years. Chipmaker Nvidia fell 5% and is now down 30% in the last two months. Elon Musk's Tesla plunged a stunning 15%, the company's worst day since Sept. 2020.
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