Dow sinks 900 points, Nasdaq plunges 4% in worst day since 2022

US stocks plunged on Monday as investors processed growing concerns about the health of the US economy after President Trump and his top economic officials acknowledged the possibility of a potential rough patch.

The Dow Jones Industrial Average fell nearly 900 points, or over 2%, while the benchmark S&P 500 dropped around 2.7% after the index posted its worst week since September.

The tech-heavy Nasdaq Composite fell 4% in its worst day since 2022, as the "Magnificent Seven" stocks led the sell-off. Tesla's rout continued, plunging 15% and officially wiping out the gains it had made in the wake of Trump's election win. 

Nvidia , Apple , Google parent Alphabet , and Meta all each lost more than 4%.

All three major indexes built on losses of more than 2% last week as the Nasdaq plummeted deeper into correction territory.

March's market struggles continue to be fueled by worries over the health of the US economy. Those concerns have become wrapped up in Trump's ongoing trade salvo, as tariff negotiations between the US, Mexico, and Canada dominate the headlines. In a Sunday interview on Fox News, Trump addressed concerns about a potential recession, describing the economy as undergoing “a period of transition.”

The political uncertainty is expected to persist into this week, with key economic data adding to the mix of potential market-moving factors. 

Updates on the inflationary picture will be in focus, with the February Consumer Price Index scheduled for release on Wednesday and the Producer Price Index set to follow on Thursday.