Stock Market Today: Nasdaq Falls 4% After Trump Doesn't Rule Out Recession [View all]
Source: WSJ
Dow, S&P retreat, Treasury yields drop as economic fears mount
Last Updated: March 10, 2025 at 3:51 PM EDT
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Stock Market Today: Nasdaq Falls 4% After Trump Doesn't Rule Out Recession
Dow, S&P retreat, Treasury yields drop as economic fears mount
Last Updated:
March 10, 2025 at 3:51 PM EDT
Stocks slid Monday as concerns about the U.S. economy tipping into a recession grew.
The Dow slid 700 points, the S&P 500 fell more than 2% and the Nasdaq Composite tumbled nearly 4% as shares of big tech companies extended their selloff. Tesla's stock lost 15%. Shares of the other Magnificent Seven stocks—Apple, Microsoft, Alphabet, Amazon.com, Nvidia and Meta Platforms—fell more than 3%.
President Trump over the weekend refused to rule out the U.S. entering a recession this year, telling Fox News there will be a “period of transition, because what we’re doing is very big.” In contrast, Commerce Secretary Howard Lutnick told NBC News: "There's going to be no recession in America."
Some investors say that the Trump administration's seemingly blasé attitude toward potentially setting off a downturn is rattling market watchers, who had believed that Trump's pro-growth stance would boost the economy and markets...................
Read more: https://www.wsj.com/livecoverage/stock-market-today-dow-nasdaq-sp500-03-10-2025
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