US Markets Plunge Amid Recession Fears, Tech Stocks Hit Hard

The stock market is experiencing significant losses amid rising recession fears, triggered by escalating trade tensions and aggressive tariffs imposed by the Trump administration on Canada, Mexico, and China. The tech-heavy Nasdaq has suffered its worst single-day decline since 2022, plummeting 4% and erasing $1.1 trillion in market valuation, with Tesla shares dropping 15% due to concerns over delivery growth and an unfavorable investment outlook. Other major tech firms, including Apple, Alphabet, and Meta Platforms, also experienced notable declines, contributing to a broader market downturn. Analysts attribute the sell-off to uncertainty regarding profit margins and the impact of tariffs on economic growth, with suggestions that rising inflation could further exacerbate the situation. President Trump described the current economic climate as a