‘Bloodbath’: US stock market sheds $1.75tn after Trump’s recession remarks

Financial news is displayed as people work on the floor at the New York Stock Exchange in New York, the United States, on March 4, 2025 [Seth Wenig/AP]

The United States’ stock market has shed more than $1.7 trillion in value after US President Donald Trump declined to rule out the possibility the economy could enter a recession this year.

The benchmark S&P 500 on Monday tumbled 2.7 percent, dragging the index nearly 9 percent below its all-time high reached on February 19.