US Stock Market Move | Market concerns over the worsening sentiment of the US economic recession intensified, causing aviation and cruise stocks to fall.

On Monday, airline and cruise stocks fell, continuing a three-day decline. As of the time of writing, Delta Air Lines, Inc. (DAL.US) fell more than 6.2%, Royal Caribbean Cruises (RCL.US) fell more than 3%, Carnival Corporation (CCL.US) fell more than 6%, Norwegian Cruise Line Holdings Ltd. (NCLH.US) and United Airlines Holdings, Inc. (UAL.US) fell nearly 6%, Southwest Airlines Co. (LUV.US) fell more than 3.4%, and American Airlines Group Inc. (AAL.US) fell more than 4%. On the news front, when asked if the United States could be heading into a recession, President Trump said, "I don't like predicting that kind of thing. We are going through a transition because we are doing great work, we are bringing wealth back to the United States, and that's a big deal." Although he did not directly acknowledge the risk of an economic recession, investors did not interpret this statement optimistically, and market panic spread.