U.S. Stocks Plunge as Recession Fears Grow Over Trump’s Tariff Policies

Major indexes see sharp declines as investors react to heightened trade tensions and warnings of slower economic growth.

The S&P 500 dropped 2.7%, the Dow Jones Industrial Average fell 2.1%, and the Nasdaq Composite plunged 4% on Monday.
Tesla shares declined by 15%, with other major tech companies like Apple, Microsoft, and Amazon also seeing losses exceeding 3%.
Goldman Sachs downgraded its U.S. economic growth forecast for 2025 from 2.4% to 1.7%, citing worsening trade policy impacts.
Natural gas futures spiked after Ontario announced a 25% surcharge on energy exports to the U.S. in retaliation for tariffs.
Economists now estimate a 75% chance of a recession within three months, as recent jobs data highlights a significant slowdown.