US open: Stocks sharply lower amid recession fears
By Iain Gilbert
Date: Monday 10 Mar 2025
(Sharecast News) - Wall Street stocks were firmly in the red early on Monday amid fears of a potential recession.
As of 1530 GMT, the Dow Jones Industrial Average was down 0.84% at 42,442.93, while the S&P 500 lost 1.91% to 5,660.13 and the Nasdaq Composite came out the gate 3.28% weaker at 17,599.44.
The Dow opened 358.79 points lower on Monday, more than reversing gains recorded in the previous session.
Stocks headed south after Donald Trump said on Sunday that the US economy was going through "a period of transition" when he was asked a question regarding the possibility of a recession due to newly implemented White House tariffs.
Tech giants Tesla, Alphabet, Meta and Nvidia all traded lower, while JPMorgan Chase, Citigroup, Wells Fargo, Bank of America, Morgan Stanley and Goldman Sachs were all under pressure early on Monday.
While the macro docket was empty on Monday, market participants will be looking ahead to February's consumer price index report on Wednesday and Thursday's producer price index.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Amgen Inc. (AMGN) $334.23 2.88%
Chevron Corp. (CVX) $160.16 2.45%
Coca-Cola Co. (KO) $73.17 2.44%
Dow Chemical Co. (DOW) $38.28 2.22%
Procter & Gamble Co. (PG) $179.81 2.19%
Verizon Communications Inc. (VZ) $47.03 2.12%
Merck & Co. Inc. (MRK) $96.49 1.94%
Travelers Company Inc. (TRV) $262.34 1.80%
Home Depot Inc. (HD) $382.82 1.60%
Johnson & Johnson (JNJ) $169.18 1.50%
Dow Jones - Fallers
Apple Inc. (AAPL) $225.65 -5.62%
Boeing Co. (BA) $148.01 -4.00%
Goldman Sachs Group Inc. (GS) $538.11 -3.85%
JP Morgan Chase & Co. (JPM) $233.91 -3.45%
Microsoft Corp. (MSFT) $380.15 -3.35%
Walmart Inc. (WMT) $88.69 -3.30%
Intel Corp. (INTC) $20.04 -2.91%
Salesforce.Com Inc. (CRM) $275.02 -2.78%
American Express Co. (AXP) $266.11 -2.60%
Walt Disney Co. (DIS) $103.36 -2.03%
S&P 500 - Risers
Harley-Davidson Inc. (HOG) $27.83 6.69%
Archer-Daniels-Midland Co. (ADM) $52.16 5.50%
Regeneron Pharmaceuticals Inc. (REGN) $743.62 5.10%
Under Armour Inc. Class A (UAA) $7.43 4.87%
Brown Forman Corp. Class B (BF.B) $38.72 4.86%
Tractor Supply Company (TSCO) $59.57 4.71%
Advance Auto Parts (AAP) $37.03 4.68%
Interpublic Group of Companies Inc. (IPG) $29.47 4.56%
Omnicom Group Inc. (OMC) $88.86 4.54%
Under Armour, Inc. (UA) $6.72 4.35%
S&P 500 - Fallers
Alaska Air Group Inc. (ALK) $55.43 -8.59%
Bath & Body Works, Inc. (BBWI) $29.87 -8.43%
United Airlines Holdings Inc (UAL) $76.13 -8.14%
Microchip Technology Inc. (MCHP) $55.12 -7.79%
Carnival Corp. (CCL) $19.04 -7.75%
Nektar Therapeutics (NKTR) $0.81 -7.73%
Arista Networks Inc. (ANET) $77.31 -7.26%
Ralph Lauren Corp (RL) $216.09 -7.11%
Foot Locker Inc. (FL) $17.35 -7.02%
Norwegian Cruise Line Holdings Ltd (NCLH) $18.69 -6.80%
Nasdaq 100 - Risers
Regeneron Pharmaceuticals Inc. (REGN) $743.62 5.10%
Biogen Inc (BIIB) $156.63 4.16%
PACCAR Inc. (PCAR) $114.52 4.05%
Henry Schein Inc. (HSIC) $77.58 4.01%
Mondelez International Inc. (MDLZ) $70.32 3.81%
Idexx Laboratories Inc. (IDXX) $444.89 3.43%
Monster Beverage Corp (MNST) $56.95 3.41%
Cognizant Technology Solutions Corp. (CTSH) $85.97 3.29%
Kraft Heinz Co. (KHC) $33.22 3.23%
Paychex Inc. (PAYX) $158.02 2.96%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $0.25 -10.04%
Tesla Inc (TSLA) $239.83 -8.70%
Microchip Technology Inc. (MCHP) $55.12 -7.79%
Asml Holdings N.V. (ASML) $684.78 -6.48%
Broadcom Inc. (AVGO) $182.54 -6.37%
American Airlines Group (AAL) $12.26 -5.95%
Apple Inc. (AAPL) $225.65 -5.62%
Intuitive Surgical Inc. (ISRG) $489.93 -5.47%
Meta Platforms Inc. (META) $591.47 -5.46%
Nvidia Corp. (NVDA) $106.74 -5.28%
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