Wall Street ends sharply lower as recession fears loom

Wall Street ends sharply lower as recession fears loom

By Stephen Culp

Mon March 10, 2025 4:51 PM

 

It was a brutal, merciless day as all three indexes plunged drastically from the outset and straight down all day as the on-again-off-again tariffs compounded by still more new tariffs and reciprocal tariffs have left investors in serious fear of recession. The Dow hit a loss of almost 1200 points by 3 pm before recovering a little bit with the tech indexes having similar monumental drops that haven’t been seen in nearly 3 years. And it didn’t help matters one bit when Trump would not rule out a recession.  

Recessions are bad enough when we try everything we can to avoid them, but this one is seemingly being deliberately triggered. There is a new perspective today as one expert declared, “If you want to know what’s going on with the U.S. market, stop paying attention to tariffs and start paying attention to Japanese government bond yields. That’s why tech is down.” At nearly 28, the VIX came in at its highest since August, up from 15 a month ago. 30 is the historical “danger” benchmark. Volume was huge at nearly 19 billion vs an already elevated 4-week average of 16.4 billion. 

DJ: 42,801.72  +222.64      NAS: 18,196.22  +126.97     S&P: 5,770.20  +31.68        3/7

DJ: 41,911.71  -890.01       NAS: 17,468.32  -727.90      S&P: 5,614.56  -155.64       3/10

Mon 3-10-25 4:51 pm Wall Street ends sharply lower as recession fears loom | Reuters