US Stocks Plunge Monday

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Technology

Dow falls 900 points in market rout after Trump says he won’t rule out a recession

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The Dow sank by more than 900 points, or 2.1% , Monday ; the broader S&P 500 dropped by 2.8% and the tech-heavy Nasdaq dropped 4.3% .

Tech stocks were leading the selloff Monday , dragging the Nasdaq into correction territory.

The VIX , Wall Street’s fear gauge, surged to its highest level this year .

A recession is commonly defined by two consecutive quarters of negative growth.

“How long this period of investor caution persists depends on how quickly it will take the global trade clouds, and the resulting threat of recession, to dissipate,” said Sam Stovall , chief investment strategist at CFRA Research , in a note Monday . This is a developing story and will be updated. CNN ’s Matt Egan contributed reporting. For more CNN news and newsletters create an account at CNN.com .

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