[Trending News] S&P 500: Wall Street takes a hit as recession fears loom

Stock markets took another dive on Monday, extending last week’s losses as investors braced for a potential economic slowdown.

Concerns spiked after President Donald Trump didn’t dismiss the possibility of a recession tied to U.S. tariffs.

The Dow Jones slid 317 points (-0.7%), while the S&P 500 fell 1.7% and the Nasdaq Composite tumbled 2.9%, both hitting their lowest levels since September 2024.

Tech stocks took a beating, with the Nasdaq weighed down by losses from the “Magnificent Seven.”

Tesla plunged 8%, Alphabet dropped 4%, and Meta along with AI-favorite Nvidia sank 5%.

Investors are on edge, watching for signals on where the economy—and the market—could be headed next.