U.S. stocks plunged on Monday, suffering widespread losses amid an escalating trade war a day after President Donald Trump declined to rule out the possibility of a recession.
The Dow Jones Industrial Average closed down 890 points, or 2%, while the S&P 500 declined 2.7%. The tech-heavy Nasdaq plummeted 4%.
Tesla, the electric carmaker led by Elon Musk, sank 15%. United Airlines and Delta each fell more than 4%.
The selloff coincided with retaliatory tariffs against the U.S. following levies last week on Canada, Mexico and China, some of which were delayed.
Source-ABC
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