Stock Markets Down as Recession Fears Rise

Global stock markets dropped on Monday due to concerns about the U.S. economy and the impact of tariffs on businesses, with futures for the S&P 500 falling 1.5 percent in premarket trading. Stocks in Europe and Asia also declined, with the eurozone index falling 1.2 percent and Hong Kong’s Hang Seng Index dropping over 1.8 percent. Investor uncertainty has been fueled by President Trump’s unpredictable tariff policies, leading to heightened fears of a global recession, as analysts at JPMorgan Chase see a 40 percent chance of a downturn this year and Goldman Sachs raises the likelihood of a U.S. recession to 20 percent in the coming year.

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