US stock market closed mostly lower on Monday amid heightened volatility, weighed down by growing concerns over a potential economic slowdown and rising inflation due to President Donald Trump’s tariff policies. Investor sentiment was further dampened by his warning of additional tariffs on Chinese imports.
The Dow Jones Industrial Average plunged 349.26 points, or 0.91%, to 37,965.60, while the S&P 500 declined 11.83 points, or 0.23%, to 5,062.25. The Nasdaq Composite closed 15.48 points, or 0.10%, higher at 15,603.26.
In the two days following President Trump’s tariff announcements last week, the benchmark S&P 500 index plunged 10.5%, erasing approximately $5 trillion in market value — marking its steepest two-day decline since March 2020.
By Friday, the blue-chip Dow Jones Industrial Average had officially entered correction territory, falling more than 10% from its record close in December. Meanwhile, the tech-heavy Nasdaq confirmed it had entered a bear market, having dropped over 20% from its previous record high.
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