• Victor Amos
• Global News , News
• March 10, 2025
• 528 views
• 2 minutes Read

“US Stock Markets Crash Amid Rising Anxiety Over Stagnant Economy”

U.S. stock markets experienced a sharp decline on Monday as concerns over a potential economic slowdown intensified, fueled by President Donald Trump’s refusal to dismiss the possibility of a recession. The Nasdaq Composite led the losses, plummeting 4.0% its steepest single-day drop since 2022. The broader S&P 500 Index fell 2.7%, while the Dow Jones Industrial Average dropped 2.1%. Technology stocks bore the brunt of the sell-off, with Tesla shares plunging 15.4% and Nvidia losing over 5%. Other tech giants, including Meta, Amazon, and Alphabet, also saw significant declines. The market turmoil followed Trump’s comments during a Fox News interview aired on Sunday but recorded on Thursday. When asked about recession fears, Trump described the U.S. economy as being in a “period of transition,” stating, “I hate to predict things like that. There is a period of transition because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing.” Economic analysts are increasingly worried about slowing growth and rising prices, which have contributed to the market’s volatility. Last week, major U.S. indices retreated to levels last seen before Trump’s November election victory, which had initially sparked optimism among investors anticipating tax cuts and reduced regulation. The sell-off reflects growing uncertainty about the economic outlook, with investors closely monitoring developments for signs of stability or further decline. Click on the link to join the Metascholar News channel for curated, meaningful stories tailored just for YOU: https://t.me/metascholarworkshopsltd