Wall Street plunges amid recession talk, levy worries

The US stock market on Monday showed how it felt about recession talk over the weekend — by heavily selling off.

Monday was the worst day of 2025 in which the S&P 500 has swung 1 percent up or down — seven times in eight days in reaction to US President Donald Trump's on- and off-again tariffs.

Asked whether he was expecting a recession in 2025, Trump told Fox News in a Sunday broadcast: "I hate to predict things like that."