Dow drops 800 points to session lows, S&P 500 falls more than 2% as market sell-off intensifies
Stocks dropped on Monday as the selling pressures that dragged Wall Street last week persisted, with investors worried about an economic slowdown after President Donald Trump didn't rule out a recession with U.S. tariffs being implemented.Stocks have been under pressure as investors fret over a possible recession due to tariffs implemented by the Trump administration. Part of the concern is that these levies could drive prices higher, thus making it harder for the Federal Reserve to lower rates. In an interview that aired Sunday, Trump responded to a question on Fox News about the possibility of a recession by saying the economy was going through “a period of transition.”