U.S. stock markets continued their downward trajectory as concerns over tariffs and a potential recession grew among investors. Following a volatile week where major indices fell by over 2%, the S&P 500 experienced its largest single-week decline since September at 3.1%. President Trump, in a Fox News interview, acknowledged the possibility of a recession, emphasizing the ongoing economic transition, while Commerce Secretary Howard Lutnick confidently stated there was 'no chance' of recession. This contrasting sentiment intensified investor worry, as evidenced by significant declines in the Dow and Nasdaq during midday trading on Monday.
U.S. stock markets fell again as investors grew increasingly fearful about tariffs and a potential recession.
Major U.S. indices each dropped by more than 2% for the week, with the S&P 500 down 3.1%, marking its largest decline since September.
Trump stated, 'There is a period of transition, because what we're doing is very big. We're bringing wealth back to America.' But fears lingered.
In contrast, Commerce Secretary Howard Lutnick claimed there was 'no chance' of a recession, further complicating investor sentiment amid market declines.
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