On Monday, US stocks experienced a sharp decline as concerns over an economic slowdown intensified, following President Donald Trump’s refusal to dismiss the possibility of a recession.The Nasdaq plummeted by 4.0% by the end of trading, marking its steepest single-day drop since 2022. Other markets also suffered significant losses, with tech stocks being the hardest hit.When questioned about the risk of a recession, President Trump described the US economy as being in a "period of transition."

Disclaimer:This video is taken from BBC News.