U.S. stocks plunged on Monday as relentless tariff wrangling and mounting anxieties from a possible federal government shutdown gave rise to fears that the U.S. economy could be careening into recession.

U.S. stock futures continued to decline.

Big tech stocks dropped again in overnight trading. Palantir fell 6%; Super Micro Computer fell 4%; Nvidia fell 3%; Tesla, Broadcom, Arm, Meta, AMD, Micron, and Netflix fell 2%; Amazon, ASML, Apple, Intel, TSMC, and Alphabet fell 1%.

Crypto stocks sank again in overnight trading as Bitcoin briefly dropped below $77,000. TeraWulf fell 7%; Canaan fell 6%; CleanSpark and Bitfarms fell 5%; MARA Holdings fell 4%; Riot Platforms, Strategy, and Coinbase fell 2%.

Oracle Corp. reported disappointing quarterly results and gave a sales and profit forecast for the current quarter that fell short of analysts’ estimates. The shares dropped 3.9% in overnight trading.

Delta Air Lines on Monday slashed its first-quarter profit estimates by half, sending its shares down 12% in overnight trading, and its CEO said the environment had weakened due to U.S. economic uncertainty. Other airline stocks also sank. United Continental fell 10%; Alaska Air fell 8%; American Airlines fell 7%; JetBlue Airways fell 5%; Southwest Airlines fell 4%.

Asana shares plunged 30% in overnight trading after the work management software company fell short with its outlook that was delivered alongside otherwise reasonable quarterly earnings. But it also announced that Chief Executive Dustin Moskovitz is retiring at the grand old age of 40, potentially raising questions about leadership of the 17-year-old company.

While Chinese ADRs rallied in overnight trading. YINN rose 2%; NIO rose 6%; XPeng and Li Auto rose 5%; Bilibili rose 4%; KE Holdings rose 3%; Alibaba rose 2%.