CSN News: Stock market drops, worst day in 2025, as recession fears loom.

The Dow Jones plunged 890 points and was briefly on the verge of a 1,000 point drop. This would have been one of the 20 worst stock market days ever. The Nasdaq Not spared either, plunging 4.2% – its worst single-day percentage drop since September 2022 – while the S&P 500 dipped below its 200-day moving average for the first time since November 2023.

Trump’s economic actions lead to global trade war concerns

Investors scrambled as Trump’s economic moves – this time Take aim at Canada, Mexico, and China – rattled confidence. The president suggested on Fox News over the weekend that the US could be headed for a recession. This sparked even more panic among traders. Chaos was not contained Wall Street. Asian markets crashed on Tuesday, 11 March, as Trump’s economic aggressive spread around the world.

Japan’s Nikkei 225 dropped by 2%. South Korea’s Kospi fell 3%. Even China’s and Australia’s stock markets were hit hard. London Stock Exchange experienced sharp declines that mirrored the US market’s turmoil. The message was clear: Trump’s trade war wasn’t just a US problem – it’s causing worldwide disruption.

Trump turned his fire on Canada, branding the nation a ‘Tariff abuser’ and warning, “We don’t need your cars, we don’t need your lumber, we don’t need your energy.”

Ontario’s premier retaliated by imposing a 25% increase on the export of electricity to the U.S. This was a direct attack against 1.5 million American consumers. Ontario’s Premier Make it clear Canada is ready to shut off American energy imports, if Trump so desires.

Tesla stock price plunges by Elon Musk

Meanwhile, Trump’s favourite billionaire, Elon Musk, had Absolute Monday was a nightmare. Tesla’s share price plummeted, wiping out a whopping $18.8 Billion from Musk’s wealth. You can also find out more about personal loans. fortune in It is a question of hours.

It gets worse: X (formerly Twitter), which was a victim of a cyberattack, has suffered. major cyberattackThis is only adding to the confusion for the controversial technology mogul. You can also read about it here Musk found an unlikely ally in the White House when Trump came to his defense on Truth Social.

“Elon is doing an excellent job.” He shouldn’t Be punished “Thank you for making America great again!” Trump declared, even promising to buy a Tesla model S in the future. Show of support.

Fox News worried about stock market decline

Even Trump’s most loyal supporters seemed rattled. Fox News, which is usually a safe place for the US President, voiced concern over the free fall of the economy and Trump’s brinkmanship The push America into a recession.

This is a stark contrast. last summer, When Trump attacked the Biden administration for its economic policies. The markets are in free fall under Trump. Have you ever heard of a person who speaks English? Watch, the tables are turning. Is it part of his original plan or has he completely lost control?

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