Stocks fell once more in mid-morning trading following discouraging data about the U.S. economy, stoking recession fears. President Donald Trump, meanwhile, tried to blame his predecessor for the decline, writing "This is Biden's Stock Market, not Trump's" on Truth Social.

The U.S. economy contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s sweeping tariffs took effect, widening the trade deficit and curtailing growth.

The US stock market just recorded its worst first 100 days of any presidential term since President Gerald Ford assumed office in 1974.

U.S. stocks closed out Donald Trump’s first 100 days back in the Oval Office on a sour note, with the president’s trade policies taking the blame for derailing a thriving market and stoking fears the world’s largest economy could slip toward recession.