Stocks Tumble Most This Year With Recession Warnings Blaring
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The selloff in US equities accelerated Monday, with major averages tumbling to their worst day this year, as investors braced for a slowdown in the Amerian economy.
The tech-heavy Nasdaq 100 Index plunged 3.8% for its worst day since October 2022. The S&P 500 Index sank 2.7%, teetering closer to a correction after sliding 8.6% from its Feb. 19 peak.