Stock Market Recap: March 11, 2025
On Tuesday, March 11, 2025, U.S. financial markets experienced significant volatility, influenced by escalating trade tensions, corporate earnings reports, and economic data releases.
Key Indices Movement
Dow Jones Industrial Average (DJIA): The Dow declined by 478.23 points, or 1.1%, closing at 41,433.48. This downturn was primarily driven by heightened trade tensions following President Donald Trump's announcement of increased tariffs on Canadian imports.
S&P 500: The S&P 500 fell by 42.49 points, or 0.8%, ending at 5,572.07. The index briefly dipped more than 10% below its recent record high during the session, indicating a market correction.
Nasdaq Composite: The Nasdaq Composite decreased by 32.23 points, or 0.2%, to settle at 17,436.10. Despite the overall market decline, gains in select technology stocks provided some support to the index.
Top Gainers
NVIDIA Corporation (NVDA): Shares of NVIDIA rose 1.7% after recent declines, reflecting investor optimism in the company's AI initiatives.
Tesla, Inc. (TSLA): Tesla shares increased nearly 4%, rebounding from significant losses in the prior session, as investors reassessed the company's long-term prospects.
Top Losers
Delta Air Lines (DAL): Delta's stock declined 7.25% after reducing its earnings forecasts, signaling potential challenges in the airline industry.
Kohl's Corporation (KSS): Shares of Kohl's fell 24% after issuing disappointing annual guidance, raising concerns about consumer spending and the broader retail environment.
Notable Industry News
Trade Tensions: President Donald Trump's announcement of an additional 25% tariff on Canadian steel and aluminum imports, bringing the total tariff to 50%, has heightened trade tensions. This move is in response to Ontario's recent 25% levy on U.S. electricity exports. The escalating trade dispute has raised concerns about potential inflation and an economic slowdown.
Economic Indicators: The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) indicated an unexpected increase in job openings, suggesting resilience in the job market despite broader economic uncertainties.
