Market Tumbles Amid Trade War Fears

Wall Street's major indexes dropped Monday as comments from President Trump sparked concerns of a potential trade war depressing economic growth. The Dow, S&P 500, and Nasdaq all fell significantly at the opening, with Tesla shares also declining after a negative brokerage forecast.

Wall Street's major indexes opened lower on Monday following comments from President Donald Trump, which heightened fears of a trade war that could hamper economic growth.

The Dow Jones Industrial Average fell by 294.1 points to 42,507.65 during the opening. Similarly, the S&P 500 slipped by 64.8 points to 5,705.37, while the Nasdaq Composite saw a decline of 355.9 points, reaching 17,840.321 at the opening bell.

The downturn was further impacted by a bearish forecast for Tesla, contributing to a widespread sense of uncertainty in the markets.

(With inputs from agencies.)