US stocks plunged on Monday as fears grew over an economic slowdown, after President Donald Trump did not rule out his tariffs triggering a recession. The Nasdaq sank by 4.0% at the close of trading, its largest single-day loss since 2022, and there were heavy losses on other markets with tech stocks seeing the largest drops.

A look at the day ahead in European and global markets from Tom Westbrook U.S. stocks finally caught up overnight with what currency and bond markets have been saying for several weeks: A slowdown is coming.