Wall Street Suffers Major Losses as Recession Concerns Grow

U.S. markets plunge, led by tech stocks, following tariff hikes and ambiguous economic signals from President Trump.

The Nasdaq experienced a 4% decline, its worst performance since 2022, while the Dow Jones and S&P 500 fell 2.08% and 2.7%, respectively.
Major tech companies like Tesla, Meta, Microsoft, and Apple saw significant stock drops, highlighting vulnerabilities in the sector.
Investors reacted negatively to newly imposed tariffs on Canadian, Mexican, and Chinese imports, contributing to market instability.
President Trump declined to rule out a potential recession, referring to the current economic period as a 'transition,' which heightened market uncertainty.
Upcoming U.S. Consumer Price Index (CPI) data for February is being closely monitored as a key indicator of the economy's direction.