US stock market crash: Recession fears grow, global markets fall as Trump’s ‘Liberation Day’ tariffs loom
As President Donald Trump’s “Liberation Day” approaches, stock markets around the world saw declines on Monday, driven by fears of the tariffs set to take effect on Wednesday. From Wall Street to Wellington, New Zealand, global markets faced significant sell-offs ahead of the impending economic moves.
In the US, the S&P 500 dropped by 0.6%, following one of its most significant losses in recent years. The index is poised to close the first quarter of the year with a nearly 6% loss, which would make it the worst quarter in almost three years. While the S&P 500 managed to reduce some of its losses after an early 1.7% decline, the Nasdaq composite, heavily impacted by drops in Tesla, Nvidia, and other Big Tech stocks, plunged by 1.6%,…
