The trader works on the floor of the New York Stock Exchange on March 6, 2025.
NYSE
S&P 500 Futures Traded around the flatline early Tuesday after concerns that the recession would hit the US economy caused widespread sale on Monday.
Futures linked to the Dow Jones Industrial Average The S&P 500 futures rose 3 points (0.05%), while the previous losses increased by 0.2% or 85 points.
Nasdaq-100 Futures However, although it was at its previous low, it fell by 0.15%, but remained in red.
In actions outside business hours, stocks Delta Air Lines It fell around 11% after a significant cut in current quarter profits and sales forecasts due to low demand for US travel.
Stocks sunk during Monday's session, extending subsequent losses S&P 500 I posted the third consecutive negative week. Nasdaq Composite I saw the worst day since September 2022. Meanwhile, 30 shares Dowlost nearly 900 points, falling below the 200-day moving average for the first time since November 1, 2023.
“This is beginning to feel like a market capitulation,” Anastasia Amoroso, chief investment strategist at ICAPITAL, said in CNBC's “Closing Bell” on Monday. “We were waiting for the market to collide widely and reach a level that was sold, and I think we'll get there today.
Movement goes down as anxiety about a squeezing recession rises on Wall Street. When asked about possible recession, President Donald Trump said in an interview with Fox News that the economy aired on Sunday as a “transition period.” The remarks arrived after he told CNBC Friday that the economy could have a “detox period” as the Trump administration cut federal spending significantly.
Goldman Sachs has also recently cut its economic growth outlook due to the potential impact of Trump's tariff policies.
When it comes to the possibility that the recession could be hit, Amoroso believes the fear is exaggerated.
“Why do we suddenly have a recession? What are the indicators that actually point to a recession?” she continued. “We have a relatively strong pay report. There's still a 3% or 4% pace of consumer spending, so there's actually no reason to fear a recession at this moment.”
Investors are eagerly awaiting economic reports scheduled for the second half of the week. Job information will be published on Tuesday. I then read the Consumer Price Index on a Wednesday morning in February, and read the month's data on the producer price index on Thursday.
