Stock Market Suffers One of 2025’s Worst Days Before Modest Recovery

Fears over Donald Trump’s aggressive tariff policies targeting Canada, Mexico and China sent Wall Street into turmoil on Monday, triggering a sharp market downturn that was only partially recovered by a late-session rebound.

The Dow Jones Industrial Average ended the day 890 points lower after briefly plunging by 1,000 points, a drop that would have ranked among the 20 worst in market history.

Meanwhile, the Nasdaq suffered a steep 4.2 per cent decline—the largest one-day percentage drop since September 2022—while the S&P 500 fell below its 200-day moving average for the first time since November 2023.

Asian markets also faced early declines on Tuesday as global investors reacted to Trump’s unpredictable trade policies and his weekend comments on Fox News, where he acknowledged the possibility of a U.S. recession.

In a separate development, Trump pledged to purchase a “brand-new Tesla” to show support for billionaire Elon Musk, who faced a disastrous start to the week—losing $18.8 billion from his personal fortune and witnessing a major cyberattack on X.