In a shocking turn of events, the U.S. stock market has experienced a staggering loss of approximately $1.05 trillion in just 24 hours. This significant downturn has been primarily driven by a selloff in major technology stocks, leading to fears of a potential recession. The tech-heavy Nasdaq fell by 3.7%, while the S&P 500 dropped by 2.3%, marking one of the worst trading days since 2022.