The three main US stock indices recorded sharp declines in the opening session of the week yesterday, Monday, March 10, with rising fears of a US economic recession, with the Nasdaq index specializing in the technology sector leading the losses by losing more than 4% at the close, affected by declines in technology company stocks.
US stocks were affected by the rise in renewed fears about an expected economic recession for the US and global economies in light of the tariff war that is expected to cast a shadow over global growth rates, which President Trump did not rule out in his latest interview about the possibility of an economic recession, stressing that it prevents the building of a strong country and that it is not possible to be preoccupied with stock market movements.
In contrast, most major economic institutions have lowered their expectations for US economic growth, with Morgan Stanley expecting GDP to grow at 1.5% this year, while Goldman Sachs expects growth at 1.7%.
Tesla shares ended the session down by about 15.43%, leading the Nasdaq losses, while Nvidia shares fell by 5.07%, Meta and Apple fell by more than 4%, and Microsoft and Amazon shares fell by 3.35 and 2.25, respectively.
The Dow Jones Industrial Average closed down by about (890) points at the close at 41.911, with losses of about 2.08%, recording its lowest level since December of last year, and is now trading in the futures for today’s session, Tuesday, at 42.058, up by about 111 points.
While the S&P500 index recorded declines at the close at levels of 5,614, down by about (155) points or 2.70%, and is now trading in the futures at levels of 5,639, up by about 20 points.
While the Nasdag index recorded declines of (727 points) to close the session at 17,468 points, recording losses of about 4.00% at the lowest level since September 11 of last year, and is now trading in the futures at an increase of about 90 points.
12/03/2025
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