From USA TODAY.

U.S. stocks continued to spiral lower as investors worried about heightened risk of recession this year after President Donald Trump wouldn’t rule one out.

In a Fox News interview on Sunday, Trump declined to predict whether the U.S. could face a recession.

"I hate to predict things like that," he told Fox host Maria Bartiromo. "There is a period of transition because what we’re doing is very big."

The broad S&P 500 and tech-heavy Nasdaq each dropped to their lowest levels since September 2024. The Nasdaq fell deeper into correction territory, at one point, down 13.3% from the all-time closing high on Dec. 16. Correction territory is at least 10% below a record high.