It’s not just stocks struggling. Investors are sending prices lower for all kinds of investments whose momentum had earlier seemed nearly impossible to stop at times, such as bitcoin.
US markets open in red following Trump’s remarks on recession
New Delhi, UPDATED: Mar 10, 2025 22:18 IST
The US stock market’s sell-off is worsening Monday as Wall Street questions how much pain President Donald Trump is willing for the economy to endure in order to get what he wants.
The S&P 500 was down 2.1% in midday trading, coming off its worst week since September. The Dow Jones Industrial Average was down 405 points, or 0.9%, as of 11:20 am Eastern time, and the Nasdaq composite was 3.6% lower.
The main measure of the US stock market is on track for a seventh swing of more than 1%, up or down, in the last eight days following a scary stretch dominated by Trump’s on -and- off -again tariffs. The worry is that the whipsaw moves will either hurt the economy directly or create enough uncertainty to drive US companies and consumers into an economy-freezing paralysis. The S&P 500 is down 8% from its all-time high set on February 19.
The economy has already given some signals of weakening, mostly through surveys showing increased pessimism. And a widely followed collection of real-time indicators compiled by the Federal Reserve Bank of Atlanta suggests the US economy may already be shrinking.
Asked over the weekend whether he was expecting a recession in 2025, Trump told Fox News Channel: “I hate to predict things like that. There is a period of transition because what we’re doing is very big. We’re bringing wealth back to America.
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