Last Updated:
March 10, 2025 at 11:08 AM EDT
A new trading week has done little to calm investors’ nerves. Stocks and Treasury yields are both falling.
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.”
Here’s what some top Wall Street economists think about the chances of recession.
Shares of big tech companies extended their selloff. Tesla’s stock tumbled more than 8% Monday mid-morning. Shares of the other Magnificent Seven stocks—Apple, Microsoft, Alphabet, Amazon.com, Nvidia and Meta Platforms—fell more than 2%.
Monday’s drop follow on from a turbulent week in markets, with concerns growing about how the administration’s unpredictable tariff policies could affect U.S. growth. The S&P 500 finished Friday with a 3.1% weekly drop, its biggest such decline in six months.
In recent trading:
Major stock indexes dropped. The tech-focused Nasdaq Composite led losses, slipping nearly 3%.
The 10-year U.S. Treasury yield slipped below 4.23%. It had settled Friday above 4.31%.
The WSJ Dollar Index hovered near its lowest level since early November. Last week, it suffered its largest decline in over two years, battered by economic and foreign-policy shakeups.
Overseas, Chinese stocks fell. On Sunday, inflation data showed consumer prices in China dropped last month by more than expected.
The Stoxx Europe 600 fell. European defense extended their recent rally.
Coming later this week:
Inflation gauges for February, plus readings on consumer sentiment and job openings.
— By Caitlin McCabe and Krystal Hur
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components
