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.

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