US stocks slump as recession risks weigh on investors

Africanews (in English)

US stocks slump as recession risks weigh on investors  Investor unease was fueled by the recent comments from U.S. President Donald Trump, who acknowledged the possibility of a rough economic patch ahead.  READ MORE : http://www.africanews.com/2025/03/11/us-stocks-slump-as-recession-risks-weigh-on-investors  Subscribe on our Dailymotion channel and receive all the latest news from the continent.    Africanews is available in English and French.  Website : www.africanews.com  Facebook : https://www.facebook.com/africanews.channel/  Twitter : https://twitter.com/africanews

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00:00The U.S. stock plunged on Monday and Tuesday as investors grappled with mounting concerns

00:05over the health of U.S. economy.

00:08Nine of the 11 primary, standard and poorest 500 sectors ended in the red with technology

00:13and consumer discretionary suffering the steepest decline falling 4.34% and 3.90% respectively.

00:22Investor unease was fueled by the recent comments from the U.S. President Donald Trump, who

00:26acknowledged the possibility of a rough economic path ahead.

00:29U.S. Treasury Secretary Scott Besant said last Friday that the economy might experience

00:35a detox period as the new administration implements government spending cuts.

00:41During a Fox News interview aired on Sunday, Trump described the economic situation as

00:45a period of transition when asked about the potential for a recession.

00:51The remarks, coupled with escalating trade tensions highlighted by ongoing tariff negotiations

00:55between the United States, Mexico and Canada, have rattled market participants.

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