The Nasdaq Composite entered a 10% correction from its February high Monday, with Nvidia and Tesla stocks again headlining losses.

US stocks extended their losses in the afternoon on fears a trade war will lead to recession. On Sunday, Trump declined to rule out that possibility.

U.S. stocks dropped in early trading on Monday, suffering widespread losses a day after President Donald Trump declined to rule out the possibility of a recession. The Dow Jones Industrial Average fell 515 points,

US stocks opened sharply lower Monday after President Donald Trump said the US economy would see “a period of transition” and refused to rule out a recession, in an interview that aired Sunday.

U.S. equity futures tumbled in early Monday trading, while the dollar extended its weeks-long slump and Treasury bonds rallied, as investors extended their retreat from risky markets amid broadening concerns that President Donald Trump's tariff and government jobs cuts could tip the world's biggest economy into recession.