US stocks plunge as fears grow over economic slowdown

US stocks plunged on Monday as fears of an economic slowdown grew, with the Nasdaq dropping by 4.0% and tech stocks like Tesla and Nvidia seeing significant losses. President Trump’s comments on a potential recession and the impact of his tariffs raised concerns among investors, leading to heavy losses on the S&P 500 and Dow Jones. Despite assurances from top officials, analysts worry about rising prices and slower growth due to the tariffs and uncertainty surrounding trade policies, causing a shift in market expectations and a more cautious outlook on the US economy.

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