Stocks Are Sliding as Trump Fails to Rule Out a Recession

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Stock market selling resumed at the start of Monday’s session after President Donald Trump didn’t rule out a potential recession in an interview that aired on Fox News over the weekend.

The Dow Jones Industrial Average fell 400 points, or 0.9%. The S&P 500 dropped 1.4%. The Nasdaq Composite slid 2%.

The yield on the 2-year Treasury note was down to 3.95%. The 10-year yield was down to 4.24%.