US stocks took a sharp nosedive on Monday, with the Nasdaq experiencing its largest single-day loss since 2022. The decline came as fears of an economic slowdown intensified, particularly after President Donald Trump failed to definitively rule out the possibility of a recession.
Tech stocks bore the brunt of the sell-off, with heavy losses seen across other markets as well. President Trump acknowledged that the US economy was undergoing a transition, but did not provide reassurance to investors regarding the potential for a recession.
The uncertainty surrounding the economic outlook has sparked concern among investors, as they grapple with the implications of a possible downturn. The volatility in the markets reflects the ongoing effects of the global pandemic and other economic factors that have created a sense of unease among market participants.
As the situation continues to unfold, many will be closely watching for any signs of recovery or further destabilization in the US stock market. Stay tuned for updates on this developing story.
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