CNBC Daily Open: U.S. markets slump as Trump dismisses economic fears
1. S&P 500 dropped 2.7%, fears of recession grip investors. 2. Trump's tariff policies raise concerns, impacting market sentiment negatively. 3. Tesla shares plunged 15%, indicating significant volatility in tech stocks. 4. Economists argue against imminent recession, citing consumer spending resilience. 5. Global market volatility increases with ongoing geopolitical tensions.