Wall Street's main indexes opened sharply lower on Monday, with the S&P 500 on track to enter bear market territory. The sell-off continues after a series of troubling signals in the economy, raising fears of a possible recession.
The Dow fell by 1,212.98 points (3.17%) to 37,101.88
The S&P 500 dropped 181.37 points (3.57%) to 4,892.71
The Nasdaq lost 623.23 points (4.00%) to 14,964.56
The market is set to enter bear market territory if losses persist through the day
Rising fears of an economic slowdown and tightening financial conditions weigh heavily on investor sentiment
Trump shared a post on Truth Social early Monday, speaking to the supposed benefits of his tariff strategy, including lower oil prices and a reduction in food costs, adding that there is "NO INFLATION."
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