Is the Market Crashing? Trump's Comments Send Shockwaves Through Wall Street!

2025-03-11 12:05:52.448

Wall Street experienced a significant downturn as investors responded to President Trump's comments, where he refused to rule out a recession. The Dow Jones Industrial Average plunged 900 points (2.1%), the S&P 500 fell 2.7%, and the Nasdaq Composite dropped 4%. Trump acknowledged potential 'disruption' but remained optimistic about long-term economic growth. Economists expressed growing concerns about slowing labor markets, tariff uncertainty, and negative first-quarter growth indicators. Tesla's stock plummeted 15%, impacting the broader market. Experts advised long-term investors to remain calm amidst the volatility. Major tech stocks, including Apple, Microsoft, Alphabet, Amazon, Nvidia, and Meta, also suffered significant losses. The bond market showed caution, with the 10-year US Treasury yield falling. Analysts at major banks, including JPMorgan Chase and Goldman Sachs, increased their recession probability estimates for the year, while Morgan Stanley lowered growth projections. Despite the market turmoil, Trump downplayed Wall Street's significance, emphasizing his focus on building a strong country. The market volatility extended to European and Asian markets.