¹ÏÉñapp

Bringing The World Home To You

© 2025 ¹ÏÉñapp
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Stocks slump yet again as fears grow about tariffs -- and a recession

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on March 10, 2025.
CHARLY TRIBALLEAU/AFP via Getty Images
/
AFP
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on March 10, 2025.

U.S. stock markets on Monday as investors grew increasingly fearful about tariffs — and a potential recession.

Wall Street was already coming off a volatile, negative week digesting the potential impact of new U.S. tariffs — and from how President Trump has implemented, and then delayed, some of them.

By the end of last week, the major U.S. indices had each dropped by more than 2% for the week. The S&P 500 fell 3.1% — its largest decline since September.

Then, in a weekend interview with Fox ¹ÏÉñapp, Trump the possibility of a recession.

"I hate to predict things like that," Trump told Fox ¹ÏÉñapp. "There is a period of transition, because what we're doing is very big. We're bringing wealth back to America."

In contrast, Trump's Commerce Secretary, Howard Lutnick, told that there was "no chance" of a recession.

But by midday Monday, U.S. investors appeared more worried than reassured.

The Dow was down about 500 points, or 1.2%, in midday Monday trading. The S&P 500 fell by another 2.2%, and the tech-heavy Nasdaq slumped more than 3.3%.

Copyright 2025 NPR

Maria Aspan
Maria Aspan is the financial correspondent for NPR. She reports on the world of finance broadly, and how it affects all of our lives.
More Stories