Traders were busy on the floor of the New York Stock Exchange on March 6, 2025. Market movements are always a mix of excitement and uncertainty.
As Tuesday began, S&P 500 futures were stable, hovering close to zero. This came after a steep sell-off on Monday, where worries about a possible recession impacted many stocks.
Futures for the Dow Jones Industrial Average saw a slight rebound, rising by 0.2%, which is an increase of about 85 points. Meanwhile, S&P 500 futures gained a small 3 points, or 0.05%. However, Nasdaq-100 futures remained down by 0.15%, though they were higher than their earlier lows.
In after-hours trading, shares of Delta Air Lines dropped nearly 11%. This decline was triggered by the airline cutting its profit and sales forecasts for the current quarter, citing a decline in demand for travel within the U.S.
The previous day’s trading was tough. The S&P 500 experienced its third consecutive week of losses, and the Nasdaq Composite faced its biggest drop since September 2022. The Dow took a hard hit too, losing almost 900 points and closing below its 200-day moving average for the first time since early November.
Anastasia Amoroso, chief investment strategist at iCapital, shared her thoughts on CNBC, suggesting that the market was hitting a tipping point. She mentioned that many have been expecting broader market overselling, which seems likely this week.
Concerns about a recession are growing. In a recent interview, President Donald Trump described the economy as going through “a period of transition.” Treasury Secretary Scott Bessent also noted that the economy might face a “detox period” due to cuts in federal spending by the Trump administration. Additionally, Goldman Sachs adjusted its economic growth outlook because of potential impacts from Trump’s tariff strategies.
Despite these concerns, Amoroso believes the fears of a recession are exaggerated. She highlights some positive signs, like a strong payroll report and steady consumer spending growth of 3% to 4%, which she feels do not support the current recession panic.
Investors are now looking forward to key economic reports coming out later this week. Job openings data will be released on Tuesday, followed by the consumer price index reading for February on Wednesday and the producer price index data on Thursday.
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