US stocks plunged, bitcoin stumbled and Wall Street’s fear gauge hit its highest level this year as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday.
The rout on Wall Street started early, with all three major indexes opening sharply in the red. US stocks slid throughout the day and, despite a brief afternoon rally, closed in the red.
The Dow closed lower by 890 points, or 2.08%, pulling back from a loss of more than 1,100 points at one point.
The broader S&P 500 also plunged, dropping by 2.7%, while the tech-heavy Nasdaq Composite plummeted 4%.
The Dow and S&P 500 each posted their worst day of the year. The Nasdaq posted its biggest single-day decline since September 2022.
