U.S. stocks plunged on Monday as relentless tariff wrangling and mounting anxieties from a possible federal government shutdown gave rise to fears that the U.S. economy could be careening into recession.
The previous week's steep selloff resumed, gathering momentum as the session progressed, with all three major U.S. indexes suffering sharp declines.
The S&P 500 had its biggest one-day drop since December 18 and the tech-loaded Nasdaq slid 4.0 percent, its biggest single-day percentage drop since September 2022.
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