Wall Street sees sell-off one day after major gains due to U.S.-China trade conflict

The New York Stock Exchange plunged on Thursday, just a day after Trump announced a 90-day pause for reciprocal tariffs that drove massive gains.

The Dow Jones Industrial Average fell two-point-five percent from the previous trading session to close under the 40-thousand mark.

The S&P 500 fell more than 3 percent, while the tech-heavy Nasdaq also dropped more than 4 percent from the previous trading session.

Wall Street saw major sell-offs due to recession concerns amid the escalating U.S.-China trade conflict.