Thursday, 11 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow tumbles nearly 900 points, Nasdaq suffers worst day since 2022 as recession fears erupt
Tuesday, 11 March 2025 03:45 WIB | MARKET UPDATE |Indeks saham berjangka A.S.

Dow tumbles nearly 900 points, Nasdaq suffers worst day since 2022 as recession fears erupt
A three-week market sell-off intensified on Monday, with investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview.

The S&P 500 shed 2.7%, touching its lowest level since September at one point and closing at 5,614.56. The tech-heavy Nasdaq Composite
saw the sharpest decline of the major averages, falling 4% for its worst session since September 2022 and closing at 17,468.33. The Dow Jones Industrial Average dropped 890.01 points, or 2.08%, ending at 41,911.71.

The S&P 500 is off 8.7% from its all-time high reached Feb. 19, and the Nasdaq Composite is off nearly 14% from its recent high. A 10% decline is considered a correction on Wall Street.

The losses worsened as the day went on, but the major averages came off their session lows just before the close.

The "Magnificent Seven" cohort — once the stars of this bull market — led the declines Monday as investors dumped the group for perceived safer plays. Tesla tumbled 15% for its worst day since 2020, while Alphabet and Meta fell more than 4%. AI darling Nvidia
lost 5%. Palantir, another once-loved stock by retail traders, was down 10%.
Worries have been increasing about the economy in the last month, sparked initially by some soft data that appeared to be in reaction to the tariff policy back-and-forth and then fueled further by some recent comments by the White House.

Treasury Secretary Scott Bessent on Friday told CNBC that there could be a "detox period" for the economy as the new administration cuts government spending. Then in an interview that aired Sunday, Trump responded to a question on Fox News about the possibility of a recession by saying the economy was going through "a period of transition."

"What I have to do is build a strong country," Trump said. "You can't really watch the stock market."

Goldman Sachs slashed its economic growth forecast in recent days because of the potential tariff impact.

"We are in the throes of a manufactured correction," said Sam Stovall, chief investment strategist at CFRA Research. "I say manufactured because it's really based in response to the new administration's tariff programs, or at least threats of tariffs, and what kind of an impact that will have on the economy."
Signs of investors taking off risk were evident everywhere on Wall Street. The Cboe Volatility index, a measure of trader fear, jumped to the highest since December. Bitcoin tumbled back below $80,000 and Treasury yields declined.

The declines in the S&P 500 would have been worse were it not for a rotation into some more defensive areas of the market that have steady revenue and pay a dividend. Mondelez and Johnson & Johnson ended the day slightly higher.

Source: CNBC

RELATED NEWS
European Stocks Rise Slightly Ahead of ECB Decision...
Thursday, 11 September 2025 14:20 WIB

European stocks edged higher on Thursday ahead of the ECB policy decision and the US CPI release. At 07:05 GMT, Germany's DAX rose 0.1%, France's CAC 40 +0.3%, and the UK's FTSE 100 +0.3%. Gains were ...

PPI Cools, Fed Cut Speculation Rises...
Thursday, 11 September 2025 07:43 WIB

Asian stocks moved mixed on Thursday after Wall Street rallied and pushed the S&P 500 to a new record. A decline in US producer price inflation (PPI) bolstered confidence that the Fed could cut in...

S&P 500 notches record-high close as Oracle soars on AI optimism...
Thursday, 11 September 2025 03:24 WIB

The S&P 500 notched a second straight record-high close on Wednesday, as Oracle surged and cooler-than-expected inflation data supported expectations the U.S. Federal Reserve will cut interest rat...

European Stocks Close Slightly Lower...
Wednesday, 10 September 2025 23:53 WIB

European stocks closed mostly lower on Wednesday with losses from tech, consumer defensive companies, and miners as markets continued to assess the outlook on global rates and geopolitical risk. The E...

S&P 500 rises to record on new inflation data ...
Wednesday, 10 September 2025 21:02 WIB

The S&P 500 jumped to a fresh record on Wednesday after a reading on wholesale prices unexpectedly declined, a welcome development for investors clamoring for a Federal Reserve rate cut next week ...

LATEST NEWS
Initial Jobless Claims Surge Near 4-Year High

Initial jobless claims in the US surged by 27,000 from the previous week to 263,000 in the first week of September, the highest single-week figure since October 2021, and well above market consensus of 235,000 initial claims. This finding aligns...

Breaking News: US CPI Inflation Rises to 2.9% in August, Matching Forecasts

Annual inflation in the United States (US), as measured by changes in the Consumer Price Index (CPI), rose to 2.9% in August from 2.7% in July, the US Bureau of Labor Statistics (BLS) reported on Thursday. This figure was in line with market...

Latest News: ECB Holds Key Interest Rates in September, As Expected

The European Central Bank (ECB) announced on Thursday that it kept its key interest rates unchanged after its September policy meeting, as expected. With this decision, the main refinancing operations rate, the marginal lending facility rate, and...

POPULAR NEWS
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week
Tuesday, 9 September 2025 04:05 WIB

The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...

Fed seen on course for rate cuts after PPI data
Thursday, 11 September 2025 01:30 WIB

The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday...

Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%
Wednesday, 10 September 2025 19:39 WIB

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...