US Stock market crash: Dow tumble over 600, Nasdaq dip over 2% as US GDP contracts, recession fears mount

US markets plummeted as the economy unexpectedly contracted in the first quarter of 2025, fueled by rising imports and concerns over President Trump's tariffs. The Dow Jones Industrial Average and Nasdaq Composite sharply declined, while the VIX surged, reflecting heightened investor fear. Gold remained stable, while oil prices fell amid slowing economic activity.

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