Markets experienced significant declines on Monday following President Trump's comments about a potential U.S. recession. The uncertainty fueled by tariffs—particularly the imminent 25% tariffs on steel and aluminum imports—led to a sell-off among investors. Major indexes like the Dow and S&P 500 hit their lowest levels since September 2024, with tech stocks like Tesla and Nvidia suffering sharp losses. HSBC's downgrade of U.S. equities further compounded the situation, as they redirected focus to European stocks, highlighting growing concerns over the impact of tariffs on the American economy.
Markets are facing turmoil as President Donald Trump hints at a possible recession while tariffs on imports start to impact investor sentiment and market stability.
Trump claims the U.S. will benefit from tariffs, asserting, 'We're going to take in hundreds of millions of dollars in tariffs... you're not going to know where to spend all that money.'
HSBC has downgraded U.S. equities, stating, 'there are better opportunities elsewhere,' indicating a shift in investor focus amid tariff uncertainties.
With the Dow down almost 1% and the Nasdaq nearly 3%, market indexes are seeing their lowest levels since September 2024 amidst investor panic over tariffs.
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