Stock futures were flat Tuesday as investors failed to recover any ground after a steep sell-off driven by recession fears. S&P 500 futures and futures tied to the Dow Jones Industrial Average were last trading fractionally lower. Nasdaq-100 futures added less than 0.1%. Stock futures were higher overnight, before giving up their gains on Tuesday morning. Shares of Nvidia were last trading in negative territory again, extending their 5% loss from Monday. Stocks sank during Monday’s session, extending losses after the S&P 500 posted three consecutive negative weeks. The Nasdaq Composite saw its worst day since September 2022. Meanwhile, the 30-stock Dow, which lost nearly 900 points, closed below its 200-day moving average for the first time since Nov. 1, 2023. On the back of Monday’s sell-off, Citigroup lowered its rating on U.S. stocks to neutral from overweight, pointing to a “pause in U.S. exceptionalism” as the reason. Adding to worries around the economy was the latest guidance from Delta Air Lines. The company slashed its earnings outlook due to weaker U.S. demand, pushing the stock down more than 8% in the premarket. “Our takeaway is that the sell-off has been exacerbated by the unwinding of extended positioning in certain market segments, such as momentum and tech stocks, and is not necessarily a signal that US economic risks have escalated significantly,” wrote Ulrike Hoffman-Burchardi, head of CIO global equities at UBS Financial Services. The moves lower come as anxiety over an impending recession rose on Wall Street. When asked about the possibility of a recession, President Donald Trump said during a Fox News interview that aired on Sunday that the economy was going through “a period of transition.” The remarks arrived after  Treasury Secretary Scott Bessent told CNBC on Friday that there could be a “detox period” for the economy as the Trump administration slashes federal spending. Investors are eagerly awaiting economic reports due later in the week. February’s reading of the consumer price index is due out on Wednesday morning, while that month’s data for the producer price index will be released on Thursday. U.S. Treasury yields were little changed on Tuesday as worries over the state of the U.S. economy persisted. The benchmark 10-year Treasury yield was 2 basis points higher at 4.234%. The 2-year Treasury yield was also up 2 basis points at 3.914%, after falling to its lowest level since October. Asia-Pacific markets slid on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s largest economy. Japan’s Nikkei 225 ended the day 0.64% lower at 36,793.11, paring steeper losses earlier in the session. The broader Topix index, meanwhile fell 1.11% to 2,670.72. South Korea’s Kospi dropped 1.28% to close at 2,537.60 while the small-cap Kosdaq dipped 0.60% to 721.50. Hong Kong’s Hang Seng Index was flat in its final hour, while mainland China’s CSI 300 ended the day 0.32% higher at 3,941.42. Meanwhile, Taiwan’s Taiex index closed down 1.73% at 22,071.09, paring losses from an over 3% drop earlier in the session. Elsewhere, Australia’s S&P/ASX 200 closed 0.91% lower at 7,890.10, reversing course from gains in the previous session. Oil prices fell for a second day in early trade on Tuesday on worries that U.S. tariffs on Canada, Mexico and China would slow economies around the world and hurt energy demand while OPEC+ ramps up its supply. Brent futures fell 29 cents, or 0.42%, to $68.99 a barrel at 0016 GMT, while U.S. West Texas Intermediate crude futures lost 36 cents, or 0.55%, to $65.67 a barrel. Gold prices rose on Tuesday, supported by safe-haven flows as trade war concerns sapped risk sentiment across wider markets, while attention was on U.S. inflation data. Spot gold climbed 0.8% to $2,912.88 an ounce as of 1031 GMT after hitting its lowest since March 3 in the previous session. U.S. gold futures rose 0.6% to $2,917.90. The dollar index hit a four-month low, making bullion less expensive for overseas buyers.