Stocks Plunge as Recession Fears Grip Markets
$1.75 Trillion Wiped Out in a Single Day
The U.S. stock market suffered a brutal selloff, erasing $1.75 trillion in value as recession fears intensified. The S&P 500 plunged 2.7%, while the Nasdaq 100 tumbled 3.81%, marking its worst single-day loss since September 2022.
?? Trump’s Recession Remarks Shake Investor Confidence
Market jitters escalated after Donald Trump refused to rule out a U.S. recession, raising concerns over economic policy and trade uncertainties. With inflation still a major risk, investors are bracing for potential volatility in the coming months.
?? Tesla Crashes, Leading Tech Stocks Lower
Tesla shares plummeted 15.43%, wiping out billions from Elon Musk’s net worth. Major tech stocks followed suit, with Apple (-4.85%), Nvidia (-5.07%), and Palantir (-8.60%) all posting steep declines.
?? Global Selloff Extends Beyond Wall Street
The shockwaves were felt worldwide, as Japan’s Nikkei 225, Taiwan’s TAIEX, and Hong Kong’s Hang Seng all posted heavy losses. Investors are now closely watching economic data and Federal Reserve signals for clarity on future market direction.
?? What’s Next?
With market oversold signals flashing, some analysts predict a short-term rebound. However, continued uncertainty over tariffs, economic growth, and corporate earnings could keep volatility high in the weeks ahead.