On Monday, the U.S. stock market faced a massive collapse amid the ongoing trade disputes and growing risks of a federal government shutdown. of the federal government. Investors fear that the country's economy may be headed heading towards recession. After last week's significant selloffs, the decline in quotations accelerated, and all three key U.S. indices closed with significant losses. The S&P 500 recorded its biggest one-day drop since December, while the Nasdaq, focused on the technology sector, fell 4%, its sharpest decline since September 2022. sharpest decline since September 2022. The S&P 500 is now 8.6% below its all-time high set less than a month ago.