US stocks plunge, bitcoin stumble following Trump’s recession remarks

US stocks tumbled, bitcoin plunged, and the Wall Street fear gauge reached its highest level as concerns regarding US President Donald Trump’s economic policy resulted in widespread market selloff on Monday, CNN reported.The rout on Wall Street began early, with all three major indexes opening in the red. US stocks witnessed a drop throughout the day, and despite a brief afternoon rally, they closed in the red.The Dow closed lower by 890 points, pulling back from a loss of over 1,100 points at one point. The broader S&P 500 also plunged, witnessing a drop of 2.7 per cent, while the…