BlockBeats News, on March 11, Trump's statement that the U.S. economy is facing a "transition period" over the weekend has weakened investors' confidence in the policy pivot against the backdrop of a market crash, and economic worries have intensified. According to 4E monitoring, the three major U.S. stock indexes fell heavily across the board on Monday, with the S&P 500 falling 2.7%, hitting a new closing low since September last year; The Dow fell 2.08%, erasing gains since the U.S. election last November; The Nasdaq fell 4%, its biggest daily drop since September 2022. Big tech stocks all fell, with Tesla closing down more than 15%, its biggest drop since September 2020, and its stock price "halved" from its all-time high. The combined market value of the Big Seven evaporated by more than $830 billion on Monday, setting a record for the largest market value loss in a single day. The U.S. stock market crashed on Black Monday, with Bitcoin hitting as low as $76,600