From BBC News.

US stocks plunged on Monday as fears grew over an economic slowdown, after President Donald Trump did not rule out a recession.

The Nasdaq sank by 4.0% at the close of trading, its largest single-day loss since 2022, and there were heavy losses on other markets with tech stocks seeing the largest drops.

President Trump said the US economy was in a period of transition, after he was asked about concerns over a potential recession.

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