Today's News: Stock Market Plummets Amid Tariff Policies and Recession Fears
U.S. stock markets experienced their worst single-day decline of 2025, fueled by concerns over President Trump’s tariffs on major trade partners and uncertainty surrounding his economic policies.
Photo: Spencer Platt/Getty Images
Overview
Date: March 10, 2025
Topic: Stock Market Plummets Amid Trump’s Tariff Policies and Recession Fears
Summary: U.S. stock markets experienced their worst single-day decline of 2025, with the Dow dropping nearly 900 points, the S&P 500 falling 2.7%, and the Nasdaq plunging 4%. The selloff was fueled by investor concerns over President Trump’s escalating tariffs on major trade partners, uncertainty surrounding his economic policies, and his refusal to rule out a possible recession. The volatility particularly affected tech stocks, with Tesla losing 15% and Nvidia, Apple, and Microsoft also experiencing sharp declines. Investors fled to safer assets, causing bond yields to drop. Analysts warn that continued uncertainty in Trump’s trade policy and upcoming economic data releases will likely dictate market direction in the coming weeks.
Sources
The New York Times – Trump Administration Live Updates: U.S. Stocks Have Worst Day of 2025 as Economic Fears Grow
CNN – Dow falls by almost 900 points in market rout after Trump says he won’t rule out a recession
NBC News – Dow falls nearly 900 points and Nasdaq dives 4% as stock selloff gathers steam
Fox Business – Stocks tumble on recession fears, Trump tariff uncertainty
The Washington Post – White House downplays economic ‘blips’ as stock market tumbles
Wall Street Journal – Dow, S&P retreat, Treasury yields drop as economic fears mount
Key Points
Market Decline: The Dow dropped 890 points, the S&P 500 fell 2.7%, and the Nasdaq lost 4%, marking their worst day of 2025.
Tech Sector Hit Hard: Tesla fell 15%, while Nvidia, Apple, and Microsoft also posted significant losses.
Tariff Uncertainty: Trump imposed new tariffs on Canada, Mexico, and China, with further threats of increased trade restrictions.
Recession Concerns: Trump refused to rule out a recession, describing current economic turmoil as a "transition period."
Investor Flight to Safety: Bond yields dropped as traders moved to less risky assets amid market volatility.
Unique Highlights
The New York Times: The Nasdaq entered a correction last week before deepening its decline, as AI-driven tech stocks lost momentum.
CNN: Bitcoin and cryptocurrency markets tumbled alongside equities, with Bitcoin falling below $78,000 for the first time since November.
NBC News: Goldman Sachs downgraded U.S. economic growth projections for the first time since 2022, citing Trump’s tariffs.
Fox Business: White House economic advisers insisted the downturn is temporary and that Trump’s policies will yield long-term growth.
The Washington Post: The administration is considering further tariffs, which could impact consumer prices and business investment.
Wall Street Journal: Treasury yields slipped as investors bet on possible Federal Reserve interest rate cuts to stabilize the economy.
Contrasting Details
White House’s Response: The Washington Post reported that Trump’s advisers downplayed concerns, while CNN noted that investors remain unconvinced.
Tariff Impact: The New York Times emphasized market uncertainty due to erratic tariff policies, while Fox Business suggested that investors should focus on long-term gains.
Recession Debate: Trump’s administration claimed economic strength, but Wall Street Journal and Goldman Sachs warned of rising recession risks.
The Newsie Project is an experiment using AI tools to survey contemporary reporting. It attempts to summarize, compare, and contrast the reporting of the major US online news sources.
This is an evolving project. Tools, approaches, and output formats will change over time. The Newsie Project does not attempt to provide a definitive capsule of any news story. While the incidence of errors in these summaries is low, and I attempt to spot-check details, AI tools can hallucinate. Please click through and read the articles for details (some may be paywalled).