The US stock market is experiencing a sharp decline, with the Nasdaq 100 Index and S&P 500 Index on track for their worst day this year. The decline is attributed to warnings from Trump administration officials about the potential for a rough patch in the American economy, as well as rising concerns about a recession and trade wars. Strategists and economists are raising their odds for a US economic downturn, and the market is bracing for a prolonged period of turbulence, with some predicting a potential decline of 8% in the S&P 500. Mike McKee reports on Bloomberg Radio.
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