India, March 10 -- U.S. stocks tumbled on Monday and the major averages all closed sharply lower, with the tech-laden Nasdaq recording a more pronounced losses. Uncertainty about President Donald Trump's tariff moves, fears of a recession in the world's largest economy, and weak global growth outlook weighed on investor sentiment.
In a Fox News interview on Sunday, U.S. President Donald Trump declined to rule out the possibility of a recession following his tariff actions on Mexico, Canada and China.
"There is a period of transition, because what we're doing is very big. We're bringing wealth back to America," Trump told the "Sunday Morning Futures" program.
With a slew of crucial economic data due later in the week, the mood in the mark...