US Stock Market: The S&P 500 dropped nearly 3% on March 10, reaching a six-month low. This marks its lowest point since September 2024. Investors are growing more concerned about a possible recession. The Nasdaq, known for its tech-heavy makeup, fell over 4%. This drop is the Nasdaq’s largest since September 2022.
US Stock Market: The Dow Jones Takes a Hit
The Dow Jones lost nearly 900 points in one day. This drop represents the largest single-day loss for the 30-stock index in 2025. At one point, the Dow was down by 1,100 points. This sharp fall signals growing market anxiety.
US Stock Market: Tech Stocks Hit Hard
Tesla experienced a massive drop, falling 15%. This is its worst single-day loss since 2020. Other major tech stocks also saw sharp declines. Alphabet, Meta, and Nvidia each fell between 4% and 5%. Nvidia, once a street favorite, is now down over 30% from its recent high.
US Stock Market: Bear Market Territory
With the S&P 500’s decline, the index is nearing correction territory. It has now fallen 9% from its recent peak. A 10% decline would officially signal a market correction. Meanwhile, the Nasdaq Composite has fallen 14% from its peak, entering a correction. The Russell 2000, which tracks smaller companies, is approaching bear market territory, down 18%. A 20% drop would mark the start of a bear market.
Recession Speculation Rises
Speculation about a recession is intensifying. Former President Donald Trump commented on the potential for economic hardship. He acknowledged a “transition period” in the economy, hinting at longer-term goals involving tariffs and smaller government. When asked if he expected a recession, Trump said, “I hate to predict things like that.”
Treasury Yields and Oil Prices Decline
The yield on 10-year Treasuries slid eight basis points to 4.22%. Meanwhile, the dollar strengthened by 0.3%. In the oil market, West Texas Intermediate (WTI) crude dipped below $67 a barrel. This marks a drop of more than 15% from its peak in mid-January.
Corporate Bond Delays
In response to market uncertainty, about 10 high-grade companies postponed their corporate bond sales. This move highlights the growing cautiousness in the market.
Conclusion
The market’s dramatic drop reflects increasing recession fears. Investors are now closely watching how the economy will respond in the coming months, a key concern in global market news.
