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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