That’s when the highest inflation in generations was shredding budgets and raising worries about a possible recession that ultimately never came. The Dow Jones Industrial Average dropped 890 points, or 2.

The S&P 500 dropped 2.7% to drag it close to 9% below its all-time high, which was set just last month. At one point, the S&P 500 was down 3.6% and on track for its worst day since 2022. That's when the highest inflation in generations was shredding budgets and raising worries about a

Nasdaq Composite falls deeper into correction territory, raising concerns about it sinking into a bear market.

US stocks plunge, with S&P 500 and Nasdaq posting the largest one-day loss since 2022 after Trump declined to rule out recession. Dow sheds 890 pts.

President Donald Trump indicated that he's optimistic when asked about the current state of the economy on Tuesday after previously sidestepping questions about fears of a potential recession. Reacting to the growing fears of a tariff war,