Wall Street Closes Significantly Lower Amid Looming Recession Concerns

The sell-off on Wall Street is easing, with the S&P 500 decreasing by 0.3% in early trading due to concerns about the economy and tariffs, nearing 9% below its peak. Delta Air Lines has revised its revenue growth forecast for early 2025 to 3% to 4%, noting a decline in demand for last-minute flight bookings. President Donald Trump voiced his backing for Tesla, as the company's stock dropped by 15.4% on Monday, totaling a 45% decrease since the start of the year. The Dow Jones Industrial Average fell by 202 points, or 0.5%, signaling sustained market volatility.