<h1>US Tariffs Spark Market Sell-Off: S&P 500, Nasdaq Plunge; Investors Flock to Treasury Bonds Amid Recession Fears</h1> Wall Street's sell-off intensified as economic concerns and tariffs imposed by the US President impacted stock markets. The S&P 500 and Nasdaq experienced significant declines, with the Dow Jones also dropping. The uncertainty surrounding tariffs is causing fear of economic stagnation. Although the job market remains stable, economic growth forecasts have been reduced, with a potential recession looming. Major tech stocks and companies reliant on consumer confidence, like Tesla and United Airlines, saw substantial losses. Investors are shifting towards US Treasury bonds, driving prices up and yields down. Despite the turmoil, some deal-making continues, as seen with Redfin's acquisition by Rocket.