The stock market kicked off the week with steep losses Monday after President Trump declined Sunday to rule out the U.S. economy slowing into recession. The Dow Jones Industrial Average closed

The Dow and the benchmark S&P 500 fell in choppy trading on Tuesday after U.S. President Donald Trump announced fresh tariffs on Canada, adding to investor unease that his trade policies could trigger an economic slowdown.

The S&P 500 dropped 2.7% to drag it close to 9% below its all-time high, which was set just last month. At one point, the S&P 500 was down 3.6% and on track for its worst day since 2022. That's when the highest inflation in generations was shredding budgets and raising worries about a

That’s when the highest inflation in generations was shredding budgets and raising worries about a possible recession that ultimately never came. The Dow Jones Industrial Average dropped 890 points, or 2.