Markets Crash as S&P 500 Approaches Bear Market Amidst Recession Fears

Global markets plunged sharply on Monday, April 7, 2025, amidst investor reaction to President Donald Trump’s new tariff plans. The S&P 500 futures fell towards bear market territory, while major investment banks like Goldman Sachs and J.P. Morgan significantly raised their recession probability forecasts. This downturn comes as the tech-heavy Nasdaq and the Dow Jones Industrial Average have also experienced significant declines.