US stocks dropped sharply on Monday, with the Dow falling 890 points (2.08%), the S&P 500 losing 2.7%, and the Nasdaq dropping 4%.

The selloff, spurred by concerns over President Trump’s economic policies, marked the worst day of the year for the Dow and S&P 500 and the Nasdaq’s biggest decline since September 2022.

Investor anxiety was fueled by Trump’s remarks on tariffs and the possibility of a recession, which added to an already difficult month for markets.

Tech stocks were hit hardest, dragging the Nasdaq into correction territory, CNN has reported.

Despite the downturn, the White House expressed confidence in Trump’s economic agenda, promising historic growth in a second term.

Written by B.C. Begley