The S&P 500 fell 1.4% on Thursday, marking its lowest point of the year and sliding into a market correction, as it is now down 10.1% from the all-time high it reached less than a month ago. The Dow Jones Industrial Average also hit a year-to-date low, closing down 537 points.

Follow all the latest U.S. market action for Thursday as stocks resume selloff and President Trump threatens more tariffs.

Trump in an interview with Fox News on Sunday had declined to rule out the possibility of a recession, contributing to investor anxiety. Trump told reporters Tuesday that the market selloff does not “concern” him and that he “doesn’t see” a recession.