US Stock Markets Dive Amid Economic Uncertainty

In a dramatic start to the week, major US stock markets tumbled, with the Nasdaq 100 leading the decline, plummeting over 3%. This sharp drop comes amidst growing fears of a potential recession, fueled by President Donald Trump's recent comments that he could not rule out the possibility of an economic downturn.

Tech Stocks and Tesla Hit Hard

Technology stocks were among the hardest hit, with Tesla experiencing a significant drop of 9%, marking its lowest value since November last year. The Dow Jones and S&P 500 also saw declines, dropping 0.94% and 2.01% respectively, as investors grappled with the uncertainty surrounding the US economy's future.

Currency Markets Remain Steady

Amidst the stock market turmoil, the currency markets remained relatively stable, with the euro trading flat against the dollar at $1.08416, indicating a cautious approach from forex traders in light of the ongoing economic concerns.