US stocks decline sharply following Trump's recession comments

U.S. stocks fell sharply on Monday after President Trump indicated a potential recession in an interview. The Dow dropped about 400 points, while the S&P 500 and Nasdaq fell by 2% and 3.5%, respectively. Tech stocks led the decline, with Tesla, Palantir, and Nvidia experiencing significant losses. Concerns over Trump's tariffs and their impact on economic growth have contributed to the market's downturn. Investors are closely watching upcoming inflation data, as layoffs increase and consumer confidence declines. The yield on the 10-year U.S. Treasury fell, reflecting worries about economic uncertainty.