Stock market today: Nasdaq, S&P 500 lead losses as market sell-off accelerates

3 weeks ago 14

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Mon, Mar 10, 2025, 6:30 AM 2 min read

US stocks fell solidly Monday with selling accelerating by mid-morning trading arsenic investors processed increasing concerns astir the wellness of the US system and readied for a engaged week of economical data, headlined by a study connected ostentation amid concerns implicit its resurgence nether President Trump's unpredictable commercialized policy.

The Dow Jones Industrial Average (^DJI) fell astir 1%, portion the benchmark S&P 500 (^GSPC) dropped astir 2% aft the scale posted its worst week since September. The Nasdaq (^IXIC) besides plummeted much than 3% with "Magnificent Seven" stocks starring the sell-off.

All 3 large indexes looked acceptable to physique connected losses of much than 2% past week.

DJI - Free Realtime Quote USD

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March's marketplace struggles proceed to beryllium fueled by worries implicit the wellness of the US economy. Those concerns person go wrapped up successful Trump's ongoing commercialized salvo, arsenic tariff negotiations betwixt the US, Mexico, and Canada predominate the headlines. In a Sunday interrogation connected Fox News, Trump addressed concerns astir a imaginable recession, describing the system arsenic undergoing “a play of transition.”

Meanwhile, Mark Carney is acceptable to go Canada's caller premier curate aft his predetermination arsenic the Liberal Party's leader. Carney's archetypal awesome is that helium intends to instrumentality a hard enactment connected tariff negotiations.

The governmental uncertainty is expected to persist into this week, with cardinal economical information adding to the premix of imaginable market-moving factors. Updates connected the inflationary representation volition beryllium successful focus, with the February Consumer Price Index scheduled for merchandise connected Wednesday and the Producer Price Index acceptable to travel connected Thursday.

The Fed's survey of user ostentation expectations is acceptable for merchandise connected Monday, followed by the University of Michigan’s user sentiment study connected Friday.

Read more: The latest connected Trump's tariff plans

This week sees a quieter acceptable of firm net releases. Database elephantine Oracle (ORCL) reports connected Monday portion bundle shaper Adobe (ADBE) is acceptable to station results connected Wednesday.

LIVE 11 updates

Tesla banal tanks 9% to lowest level since Nov. 4

Tesla banal (TSLA) tumbled much than 9% connected Monday to its lowest level since the time earlier the statesmanlike predetermination arsenic tech stocks led a market-wide sell-off.

The EV elephantine hovered adjacent $237 per share, erasing each of its post-election gains.

The "Magnificent Seven" stocks led a broader marketplace sell-off connected Monday arsenic the Nasdaq Composite (^IXIC) fell astir 3% by mid-morning

AI spot elephantine Nvidia (NVDA) declined, on with Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta (META).
CEO of Rubbermaid, Sharpie maker: Trump tariffs are creating a batch much uncertainty Inbox

Yahoo Finance's Brian Sozzi reports:

Read much here.
Redfin banal spikes aft Rocket announces $1.75 cardinal woody to bargain the company

Mortgage elephantine Rocket Companies (RKT) announced Monday it struck a woody to acquisition integer existent property brokerage Redfin (RDFN) successful an all-stock woody valued astatine $1.75 billion.

Redfin banal roseate arsenic overmuch arsenic 76% connected the news. Rocket banal fell arsenic overmuch arsenic 10%.

According to a connection announcing the deal, Redfin shareholders volition person conscionable little than 0.8 shares of Rocket banal for each stock of Redfin owned. Current Rocket shareholders volition ain astir 95% of the combined company.

Rocket shareholders volition person a peculiar currency dividend of $0.80 per share. The woody values Redfin astatine $12.50 per share.

The companies said the combined institution should beryllium capable to chopped astir $140 cardinal of operations and different costs by 2027 and recognize an further $60 cardinal successful savings from pairing Redfin agents with Rocket's financing infrastructure.

The woody was approved by the boards of some companies and is expected to adjacent successful the 2nd oregon 3rd 4th of 2025.

Upon the agreement, Redfin CEO Glenn Kelman volition proceed to tally Redfin’s business, reporting to Rocket Companies’ CEO Varun Krishna.
Stocks unfastened little aft notching their worst week since September

Selling connected Wall Street resumed connected Monday pursuing the worst week for the S&P 500 since September arsenic Wall Street continues to terms successful a imaginable economical interaction from the Trump administration's evolving tariff policy.

The "Magnificent Seven" stocks led the sell-off arsenic the Nasdaq Composite (^IXIC) fell astir 2% aft slipping into correction territory past Thursday. The S&P 500 (^GSPC) tumbled 1.5% portion the Dow Jones Industrial Average (^DJI) besides sank astir 1%.

Shares of Nvidia (NVDA), Tesla (TSLA), Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta (META) were each down much than 2% successful aboriginal trading.

Meanwhile, Morgan Stanley’s Michael Wilson joined the radical of strategists sounding the economical hazard alarm implicit President Trump's tariff policies.

Wilson forecast the S&P 500 could driblet arsenic overmuch arsenic 5% successful the archetypal fractional of the twelvemonth owed to the interaction of levies and little fiscal spending.
Stock futures down crossed the committee arsenic recession fears brew

US banal futures accelerated losses 30 minutes earlier the opening doorbell arsenic economical concerns mounted up of Wednesday's ostentation report.

Dow Jones Industrial Average futures (YM=F) fell 1.1%, portion futures attached to the benchmark S&P 500 (ES=F) dropped 1.4%. Futures tied to the Nasdaq (NQ=F) plummeted 1.6%.

Stocks continued a unsmooth commencement to March aft the Nasdaq Composite entered correction territory past week portion the S&P 500 logged its worst week since September.

CBOT - Delayed Quote USD

As of 11:11:12 AM EDT. Market Open.

YM=F ES=F NQ=F

Crypto besides saw losses successful premarket trading, arsenic President Trump's crypto reserve announcement past week did small to easiness sentiment. Bitcoin dropped astir 2% to commercialized astir the $83,000 level.

Shares of Tesla (TSLA) besides dropped 3.8% and Nvidia (NVDA) mislaid 2.7%, weighing connected markets. Reddit (RDDT) banal extended dense losses, down astir 4.7%.
Ford to inject up to $4.8 cardinal into cash-strapped German business

Ford banal (F) fell implicit 1% successful premarket trading aft the automaker announced a 4.4 cardinal euro ($4.76 billion) concern into its struggling German business.

Reuters reports:

Read much here.
Treasurys summation arsenic Trump modulation speech fuels recession angst

From Bloomberg:

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Morgan Stanley: S&P 500 astatine hazard of 5% driblet owed to maturation concerns

US stocks could autumn an further 5%, driven by concerns implicit tariffs impacting firm net and reduced fiscal spending, warns Morgan Stanley’s Michael Wilson.

SNP - Free Realtime Quote USD

As of 11:21:13 AM EDT. Market Open.

Bloomberg quality reports:

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Good morning. Here's what's happening today.
Gold stays beardown aft play gain

Gold (GC=F) remained beardown pursuing a week of gains arsenic marketplace jitters caused by planetary economical uncertainty led to haven demand.

Bloomberg reports:

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Oil prices driblet arsenic China information sours planetary outlook connected risk

Oil prices dropped arsenic disappointing economical information from China highlighted a bleak request outlook, portion broader markets reflected a reticence to instrumentality connected risk.

Bloomberg reports:

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