Summary
The S&P 500 fell nearly 3% Monday, marking its worst day since 2022 as concerns grow over Trump’s willingness to endure economic pain to push his tariff agenda. The Dow dropped 929 points, and the Nasdaq plunged 4.2%.
Market volatility has surged, with the S&P 500 down nearly 9% from its February high.
Big Tech stocks like Nvidia and Tesla have been hit hard, while investors shift to safer assets like Treasury bonds.
Goldman Sachs lowered its 2025 GDP forecast, citing tariff concerns and increased recession risks.