Market Turmoil as Nasdaq Sinks Over 3%

In a dramatic start to the week, major U.S. stock markets faced significant downturns, with the Nasdaq 100 leading the plunge by dropping more than 3%. This sharp decline comes amid growing economic uncertainty and fears of a potential recession, exacerbated by President Donald Trump's recent comments not ruling out such a scenario.

The Dow Jones and S&P 500 also felt the pressure, decreasing by 0.94% and 2.01% respectively. Notably, Tesla's stock tumbled 9%, hitting its lowest value since November of the previous year, further contributing to the market's downturn.

Currency Movements Amidst Market Volatility

On the currency front, the euro remained stable against the dollar, trading at $1.08416 at 9:49 am ET, indicating a momentary calm in the forex market amidst the stock market's turbulence.