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(Bloomberg) -- What had been a steady pullback from the US stock market accelerated sharply Monday as investors retreated from virtually every type of risk and economic fear raced across Wall Street.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ o

NEW YORK (Reuters) -There is a healthy pipeline of U.S. initial public offerings, but investors are looking for more certainty in markets, Adena Friedman, chief executive officer at exchange operator Nasdaq, said on Monday at the FIA Boca conference in Florida. Friedman said markets are currently in a period of uncertainty as they try to navigate the changes coming out of the Trump administration. The U.S. IPO market started picking up in 2024 after recession fears and high interest rates drove it into a two-year slump.

U.S. stocks continued to slump on Monday, extending last week’s sell-off as economic and political uncertainty continued to dampen the mood on Wall Street.

When asked if he's expecting a recession this year, Trump said "I hate to predict things like that."

US stocks plunged, bitcoin stumbled and Wall Street’s fear gauge hit its highest level this year as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday.

The airline cut its sales and profit guidance for the first quarter, citing economic "uncertainty" that has hit demand for U.S. travel.

The S&P 500 dropped 2.7% on Monday, March 10, as U.S. tariffs and government job cuts heightened economic uncertainty and provoked recession concerns.

In keeping with tradition, the Amelia Concours classic car show picked, what else, a sports car with racing heritage as its best in show.

If this is what U.S. Treasury Secretary Scott Bessent's "detox" period for the economy looks like, investors are in for a serious amount of pain. The Wall Street selloff that has been snowballing recently on growth and trade war fears resulting from President Donald Trump's tariffs is turning into an avalanche, with the three main U.S. indices on Monday sliding between 2% and 4%. Bond yields fell sharply and markets are now pricing in a roughly 50-50 probability of the Fed cutting rates in May. The Fed meets next week and is widely expected to keep rates on hold, but more days like this on Wall Street and everything is on the table.

Vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 26.8% year on year to $163.3 million. The company expects the full year’s revenue to be around $690 million, close to analysts’ estimates. Its non-GAAP loss of $0.15 per share was significantly below analysts’ consensus estimates.