What does a recession mean to me? Concerns rise amid stock market plunge NBC Boston [Video]

Economic fears are high after Wall Street suffered its steepest decline of the year.

Now, questions are brewing as to what this could mean for Americans if the trend continues.

Concerns are growing that the ongoing tariff war between the U.S. and its allies – Canada, Mexico and China – is helping to tank the stock market.

The Dow Jones finished Monday down nearly 900 points; the S&P 500 fell as much as 3.5% during trading and the NASDAQ fell 4%.

The so called magnificent seven stocks – including Microsoft, Apple, Amazon, Meta and Tesla – lost about $800 billion in collective market value. FIve of the largest publicly-traded companies based in Massachusetts collectively lost more than $21 billion in market value Monday, according to the Boston Business Journal.

Americans wonder what it will mean for them if the stock market plunge continues.Follow NBC10 Boston:https://instagram.com/nbc10bostonhttps://tiktok.com/@nbc10bostonhttps://facebook.com/NBC10Bostonhttps://twitter.com/NBC10Bostonhttps://bsky.app/profile/nbcboston.com

And the market continued its downward slide Tuesday morning.

“It will have a ripple effect on our economy, …