New Delhi, March 10 -- US stock indices slumped on Monday with tech-heavy Nasdaq declining by 4% after President Donald Trump's comments over the weekend stoked fears that a trade war could spark an economic recession.

At close, the S&P 500 fell 155.64 points, or 2.70%, to 5,614.56 for its lowest closing level since September and its biggest daily percentage decline since December.

The Nasdaq Composite fell 727.90 points, or 4.00%, to 17,468.32, for its lowest close since September. The Dow Jones Industrial Average fell 890.01 points, or 2.08%, to 41,911.71, for its lowest close since November 4.

Asked over the weekend whether he was expecting a recession in 2025, Trump told Fox News Channel: "I hate to predict things like that. There ...