Stock market falls after Trump's recession warning

U.S. stock markets fell sharply on Monday, erasing gains from the previous week. The Dow Jones dropped 1.2%, the S&P 500 fell 1.5%, and the Nasdaq Composite declined 2%, entering a 10% correction from its February high. The decline followed comments from President Donald Trump, who warned of a potential recession and advised against closely watching the stock market. His remarks heightened uncertainty about ongoing tariff policies, which have negatively impacted investor confidence. Big tech stocks, including Nvidia and Tesla, saw significant losses. Nvidia shares fell 2%, while Tesla dropped 4%, contributing to their steep declines since mid-February.