Stocks fall sharply as investors fret Trump's policies

U.S. stocks fell sharply on Monday, continuing the prior week's losses after President Trump said the economy faces a "period of transition" and would not rule out a recession. 

The Dow Jones Industrial Average was down 445 points, or 1%, at 42,356. The S&P 500 dropped 120 points, or 2.1%, to 5,649, and the tech-have Nasdaq shed 632 points, or 3.5%, to 17,565.

Wall Street's losses come a day after Mr. Trump declined to state whether he expects a recession this year, with the president telling Fox News on Sunday that "I hate to predict things like that. There is a period of transition, because what we're doing is very big."