Stock futures took a hit early on Monday. After experiencing its toughest week since 2023, the Dow futures dropped 170 points, or about 0.41%. Meanwhile, S&P 500 futures and Nasdaq 100 futures followed suit, slipping by 0.52% and 0.62%, respectively.
With Wall Street coming off a rough week, the Nasdaq Composite entered deeper correction territory. The small-cap Russell 2000 is nearing bear market status, approximately 20% below its high. The S&P 500 also briefly dipped into correction but managed to bounce back.
Investors are grappling with rapidly changing tariff policies from President Trump and increasing signs of economic weakness. This uncertainty has raised concerns about whether the current stock market correction might shift into a bear market.
Experts think the situation could be more severe than just short-term growth fears. Adam Parker, CEO of Trivariate Research, points out that many companies reported slowing growth during March conferences. He suggests that a broader growth slowdown could be underway, questioning whether negative guidance might emerge in the near future. Parker advises caution, stating, "We should play a little bit more defense than offense." He doubts fundamentals will recover quickly, unlike in past cycles.
This week holds significant importance for the markets. The Federal Reserve is expected to keep interest rates steady in their upcoming policy meeting. All eyes will be on Chair Jerome Powell’s comments afterward, as he previously emphasized that the Fed is "in no hurry" to lower rates.
To gauge the health of the economy, investors are on the lookout for the latest economic data, especially consumer spending insights. The U.S. retail sales report releasing soon is anticipated to show a 0.6% increase in February, according to economists.
In today’s fast-paced financial landscape, staying informed is key. For further reading about current stock trends and economic forecasts, check out CNBC’s market insights.
Check out this related article: Will Avalanche (AVAX) Plunge Further? Examining the $14.5 Support – A New Target for Bears
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