Stock market today: Dow, S&P 500 lead losses as struggles continue amid Trump's latest tariff threats
Published On Mar 11, 2025, 4:02 PM
U.S. stocks closed lower amid mounting recession fears linked to President Trump's tariff announcements on Canadian steel and aluminum. He suggested a potential increase in tariffs on auto imports as well. The S&P 500 fell about 0.8%, while the Dow dropped roughly 500 points. Airlines, especially Delta, also experienced sharp declines due to negative outlooks linked to domestic demand concerns. Upcoming inflation data is poised to further impact market sentiment as economic forecasts are revised downward by firms like Goldman Sachs and Morgan Stanley.
Stock Forecasts
DAL
Negative
With the potential for increased tariffs on imports and continued economic uncertainty, investor sentiment remains bearish. The U.S. stock market can expect further volatility as inflation data releases may not provide the needed reassurance. Airline stocks, already shaken by low demand forecasts, face an additional hurdle. Delta's drop highlights broader industry weakness that may linger. Overall, expect bearish trends in the market.
TSLA
Positive
Tesla's stock has shown resilience buoyed by President Trump's comments of support. Following a significant drop, the stock is rebounding slightly. Given the optimistic sentiment around electric vehicle growth and market support, it may rally further in the near term despite broader market conditions.
KSS
Negative
Kohl's poor earnings forecast and sales drop signal a challenging retail environment. Consumer spending pressures amidst economic uncertainty signify further declines ahead for the retailer as it struggles to attract customers. Overall, this indicates a bleak outlook for KSS in the current economic climate.
Related News
Airlines see lower customer demand, cut back financial expectations
Mar 11, 2025, 3:31 PM
Several major U.S. airlines dialed back their quarterly financial expectations as the industry contends with softer demand from economic uncertainty and other factors.
Stock market today: Dow falls, Nasdaq pops as Trump's latest tariff moves spark volatile trading
Mar 11, 2025, 2:40 PM
Stock markets built on the latest steep losses driven by recession fears.
Trump tariffs live updates: Ontario says it will suspend US electric surcharge Trump doubles tariffs on Canadian steel, aluminum
Mar 11, 2025, 3:02 PM
Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.