The S&P 500 fell 1.5 percent at the start of trading on Wall Street, adding to last week’s losses, which were the steepest in several months. After three straight weeks of selling, the index is now about 7 percent below a record set last month, approaching a “correction,” a Wall Street term for a significant decline from a recent high.

U.S. stocks dropped in early trading on Monday, suffering widespread losses a day after President Donald Trump declined to rule out the possibility of a recession. The Dow Jones Industrial Average fell 515 points,

US stock futures fell Monday after President Donald Trump said the US economy would see “a period of transition” and refused to rule out a recession, in an interview that aired Sunday.

President Donald Trump’s former adviser took aim at him over his “very wobbly economy” on Sunday as the president continues to flip-flop on tariffs. Stephen Moore, who served as an economic adviser to Trump during his 2016 campaign,

Donald Trump has heard the seers at the Federal Reserve Bank of Atlanta, and he's not buying their predictions of a looming recession. The president dodged any talk of an economic downturn during a surprisingly testy interview with Fox News host Maria Bartiromo on Sunday.