Brief by Shorts91 Newsdesk / 03:24pm on 07 Apr 2025,Monday Business
Wall Street indices plunged Monday as President Donald Trump’s sweeping tariff policies sparked fears of a looming recession. The S&P 500 fell over 20% from its February peak, entering official bear market territory, while Dow Jones dropped 1,212 points and Nasdaq slid 4%. Though a brief recovery followed reports Trump may pause tariffs for 90 days — excluding China — the White House later denied such claims. Major tech stocks like Apple and Nvidia suffered steep losses. Analysts say Trump’s firm stance on the trade gap with China is intensifying market uncertainty and increasing recession risk across global financial markets. (PC: India Today)
