Stocks continue falling as recession worries surface.
Wall Street suffered its steepest decline of the year on Monday, a drop fueled by angst about the economy a day after President Trump refused to rule out the possibility that his policies could trigger a recession.
The S&P 500 slid 2.7 percent, the worst daily fall in an already three-week-long stretch of selling. The index is now roughly 9 percent below a record set last month, and approaching a “correction,” a Wall Street term for a decline of 10 percent or more from a recent high.
Wall Street suffered its steepest decline of the year on Monday, a drop fueled by angst about the economy a day after President Trump refused to rule out the possibility that his policies could trigger a recession.
The S&P 500 slid 2.7 percent, the worst daily fall in an already three-week-long stretch of selling. The index is now roughly 9 percent below a record set last month, and approaching a “correction,” a Wall Street term for a decline of 10 percent or more from a recent high.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.