Sensex Today, Stock Market LIVE Updates: Sensex skyrockets 1100 points, Nifty zooms 325 points to go past 22800 #Nifty #StockMarket #stockmarketsindia https://t.co/Kio60W1Ly0
— ET NOW (@ETNOWlive) March 18, 2025
U.S. stock futures edged down early Tuesday following two consecutive winning sessions that offered a reprieve from the market’s recent sell-off. The Dow fell 109 points, or 0.3%, while the S&P 500 dipped 0.3%, and the Nasdaq lost 0.4%. This movement follows a turn on Wall Street after some soft economic data and President Donald Trump’s on-again-off-again tariff policy left investors wary of the U.S.’ financial health.
Stock Market LIVE: Sensex reclaims 75k, Nifty tops 22700; all sectors in green#Sensex #Nifty #StockMarket https://t.co/Kio60W2jny
— ET NOW (@ETNOWlive) March 18, 2025
Last week, the market dipped into correction territory, but the index has made up notable ground in recovery rallies seen in Friday’s and Monday’s sessions. Despite the recent bounce, the tech-heavy indices still sit in correction territory, a term used to describe an index falling at least 10% from a recent high. The three major averages remain down on the year, underscoring the strength of the market’s pullback.
Per the Bloomberg table below, the unfavorable surprise on US headline retail sales — monthly growth of 0.2% compared to the consensus forecast of 0.6%) — was not reflected in the other numbers in this data release.
Meanwhile, the Empire State manufacturing survey data showed a… pic.twitter.com/gn36l2CkuQ— Mohamed A. El-Erian (@elerianm) March 17, 2025
Investors continue to follow updates out of the White House and will turn their attention to the two-day policy meeting that kicks off Tuesday.
S&P 500 dips amid economic uncertainty
Traders will closely follow Wednesday afternoon’s interest rate announcement and subsequent press conference with Fed Chair Jerome Powell.
Here are all 12 times the S&P 500 moved 10% off all-time highs and what happened after the day it moved into a correction (but didn't go into a bear market).
What is interesting is 5 of 12 bottomed the day it went into a correction. Higher a yr later 12 for 12 as well. 💪 pic.twitter.com/LK05gnSUh8
— Ryan Detrick, CMT (@RyanDetrick) March 17, 2025
Fed funds futures are pricing in a likely scenario where the central bank holds rates steady, according to CME’s FedWatch tool. “We had two distinct stages to what was the fifth fastest correction since World War II: The first one was a good old growth scare, then we had pretty nasty technicals,” said Mohamed El-Erian, chief economic advisor at Allianz. “Most of the bad technicals are behind us.
So the two questions going forward are: Will the growth scare be contained? And will the hope in the Fed put prove realistic or not?”
Before Wednesday’s rate policy announcement, investors will monitor economic data on imports, housing, building, and production due Tuesday morning. No major earnings reports are expected on Tuesday.
