markets

Market Meltdown: U.S. Stocks Plunge Further, Extending Biggest Selloff in Months | N18G

U.S. stocks extended their steepest decline in months on Tuesday, as the Dow, S&P 500, and Nasdaq all recorded losses. Investor uncertainty heightened following conflicting tariff updates, sparking concerns of an impending recession. Eric Lynch from Scharf Investments attributes the market volatility to President Trump's policy timeline, emphasizing the challenges of balancing short-term gains with long-term economic restructuring. The S&P 500 briefly entered correction territory, marking its largest drop since early August with a nearly 3.5% decline over two sessions. Individual stocks like Kohl's, Dick's Sporting Goods, and major airlines like American and Delta also saw significant declines, impacting market sentiment. Citigroup's recent downgrade to 'neutral' further underscored the cautious outlook on U.S. equities.

first published: Mar 12, 2025 10:13 am