US actions collapsed on Monday, suffering generalized losses in the midst of intensive commercial war a day after President Donald Trump declined to rule out the possibility of a recession.
The industrial average Dow Jones closed 890 points, or 2%, while the S& P 500 decreased 2.7%. The heavy technological Nasdaq collapsed from 4%, which amounted to more than $ 1 billion in losses, according to Bloomberg.
Tesla, the electric car manufacturer led by Elon Musk, sank 15%. United Airlines and Delta fell each more than 4%.
The mass sale coincided with retaliation tariffs against the United States after levies last week in Canada, Mexico and China, some of which were delayed.
On Monday, China began to impose tariffs on US imports such as chicken, wheat and soy. Ontario’s Prime Minister, Doug Ford, said his province would slapp a 25% surcharge in electricity to households and businesses in New York, Minnesota and Michigan.
“President Trump’s tariffs are a disaster for the American economy,” Ford said. “Until the threat of tariffs has gone forever, Ontario will not go back.”
The market delay on Monday extended losses last week. The s& P 500 registered its worst week since September.
When asked about a possible recession in an interview broadcast on Sunday, Trump said the tariffs imposed in recent days could achieve a “transition period.”
“I hate to predict things like that,” Trump told Fox News In an interview recorded on Thursday. “Take a little time, but I think it should be great for us.”
Financial merchants and professionals work on the floor of the New York Stock Exchange in the Opening Campana in New York City, March 10, 2025.
Charly triballeau/AFP through Getty Images
In response to a question later on Sunday about his reluctance to rule out a recession, Trump said: “I tell you what, of course, doubts. Who knows?”
Since the day of the inauguration, the industrial average Dow Jones has fallen 2.5%. The s& P 500 has fallen 5% during that period, while Nasdaq has plummeted 10%.
Market deceleration has coincided with a worse general economic performance than expected.
A Jobs report on Friday showed that US employers hired 151,000 workers last month, not reaching 170,000 expected added jobs.
In February, a key consumer confidence meter registered its greatest monthly fall since August 2021, said the Board of the non -partisan conference last month. The proportion of consumers waiting for a recession within next year increased to a maximum of nine months, according to the data.
Even so, some measures of the consumer’s feeling improved. The evaluation of consumers of current commercial conditions increased, while an increase in the purchase of plans for a house extended a month of recovery.
Mortgage rates have also decreased for seven consecutive weeks, according to Fredddieac data. The average rate for a 30 -year fixed mortgage is 6.63%, its lowest level since December.
