The S&P 500 continued its fall from a record high in February, with strategists cautioning of ongoing stock volatility amid uncertainty about U.S. trade policy, tariffs and inflation.
The Dow Jones Industrial Average on Monday took about 1,000 point tumble after President Donald Trump on Sunday declined to rule out a possible recession but ended up closing down 889 points, or a 2.08% drop.
Asked about warnings of an economic contraction in the first quarter of the year, Mr Trump seemingly acknowledged that his plans could affect US growth.