Stocks plummeted on Monday as investors struggled to keep pace with President Donald Trump’s fast-changing tariff policies and growing signs of economic weakness.
The Dow Jones Industrial Average futures slid 184 points, or 0.4%, followed by S&P 500 futures and Nasdaq 100 futures, which also dipped 0.4% each. This is the biggest one-week drop for the Dow since 2023, with a loss of 4.4%.
The uncertainty has many wondering if the stock market correction could turn into a bear market. “Until then, I think we have to play a little bit more defense than offense,” said Adam Parker, CEO of Trivariate Research.
Treasury Secretary Scott Bessent warned that there are “no guarantees” that there won’t be a recession in the US, while Chair Jerome Powell repeated that the central bank is in “no hurry” to lower interest rates.
The Federal Reserve is set to hold its latest policy meeting on Wednesday, with investors closely watching for any changes in tone from Chair Powell. Meanwhile, economic data will be scrutinized for signs of an economic slowdown.
Later this week, the US retail sales report is due out on Monday, providing insight into the state of the consumer. Economists expect retail sales to have increased 0.6% in February, after falling 0.9% in January.
Source: https://www.cnbc.com/2025/03/16/stock-market-today-live-updates.html