Most of the S&P 500 is already in correction territory as benchmark teeters near milestone
Published On Mar 11, 2025, 10:11 AM
The S&P 500 is currently facing significant challenges, with 73% of its components in correction territory (down 10% or more) and 40% in bear market territory (down 20% or more) as of the recent trading close. The downturn has been exacerbated by fears of slowing economic growth and a potential recession, largely influenced by recent aggressive tariff policies. Key sectors affected include consumer discretionary, tech, communication services, materials, and energy, with notable stocks like Moderna, Super Micro Computer, First Solar, Intel, Enphase Energy, Dollar Tree, Estee Lauder, and Tesla reporting significant declines.
Stock Forecasts
SPY
Negative
Many firms in the tech and consumer discretionary sectors are experiencing struggles due to rising fears of a recession and economic slowdowns. This environment may continue to suppress stock prices in the near term as investor confidence wavers. However, signs of stabilization or policy shifts from the government could prompt a recovery in these sectors.
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