Piyush Goyal on stock market crash, valuation: ‘Some of Nifty stocks may…wake up call…’https://t.co/1WAC9opsVM
— ET NOW (@ETNOWlive) March 2, 2025
The S&P 500 fell for a fourth straight day on Tuesday as investors weighed concerns about economic growth and global trade. The broad market index slipped 0.47% to close at 5,955.25. The Nasdaq Composite dropped 1.35% to end at 19,026.39, with Nvidia’s 2.8% fall leading the tech-heavy index’s decline.
The Dow Jones Industrial Average was an outlier, rising 159.95 points, or 0.37%, to close at 43,621.16. The market downturn came after the latest consumer confidence survey from the Conference Board fell short of expectations.
Stock market prediction for 3 March, next week: 'Strong possibility of…' – Support and resistance levelshttps://t.co/mUdse5fiOu
— ET NOW (@ETNOWlive) March 1, 2025
This follows disappointing data releases last week, including weak manufacturing and retail sales numbers, which added to worsening sentiment on consumer health and the economy.
Today's selloff pushed the S&P 500 into negative year-to-date territory, joining the Nasdaq.#markets pic.twitter.com/bYS8ctApe0
— Mohamed A. El-Erian (@elerianm) February 27, 2025
Ross Mayfield, an investment strategist at Baird Private Wealth Management, said, “All of that comes together to call into question the underpinning of what has been the strength of the U.S. economy the last couple years, which is the consumer and the job market.”
S&P 500 up 1.59% today for the best last day of February since 1988 (+2.05%).
— Ryan Detrick, CMT (@RyanDetrick) February 28, 2025
Investors sought safety in the U.S. bond market, with the benchmark 10-year yield dropping below 4.3% to its lowest level since December. Bond yields and prices move inversely. Bitcoin, which has been correlated with stocks, fell to a three-month low and is trading nearly 20% below its all-time high.
Investor concerns impact market sentiment
Major bank stocks, including JPMorgan Chase, Bank of America, and Citigroup, each fell more than 1% amid rising recession concerns. Momentum stocks that have driven the market’s gains also slipped.
In addition to Nvidia, Tesla lost 3%, bringing the stock down around 13% for the week. Apple declined 1.6%, while Tesla fell more than 8%, reducing its market capitalization. Escalating trade concerns are also contributing to market uncertainty.
President Trump announced on Monday that tariffs on imports from Canada and Mexico could be reinstated after the current 30-day moratorium ends. The White House is also preparing for tighter curbs on China’s semiconductor exports, according to a report. Investors are looking ahead to Nvidia’s quarterly earnings release, scheduled for Wednesday after the bell, for more insights on the health of the artificial intelligence sector.
Nvidia shares are down more than 5% in 2025, underperforming the broader market.
