Dow sinks nearly 800 points, Nasdaq sheds 4% after Trump refuses to rule out recession
Portfolio Pulse from
US stock markets experienced significant declines, with the Dow dropping nearly 900 points and the Nasdaq shedding 4%. President Trump's ambiguous comments about a potential recession, combined with growing economic concerns and tech sector weakness, drove market volatility. JPMorgan Chase economists raised their recession probability to 40%, reflecting increasing economic uncertainty.
March 18, 2025 | 11:30 am
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NEGATIVE IMPACT
Apple's stock, part of the Magnificent Seven, suffered a decline of over 2.4% amid broader market volatility and economic uncertainty.
As part of the Magnificent Seven, Apple's stock decline reflects broader market concerns about economic slowdown and potential recession risks.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
Tesla's stock tumbled 15%, significantly contributing to the market's downward pressure and reflecting broader tech sector weakness.
Tesla's substantial stock decline indicates significant investor concern about the company's performance and broader market conditions. The 15% drop suggests heightened market uncertainty and potential challenges in the tech sector.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90