WEALTH March 11, 2025 0 Comments

S&P 500 futures flat after recession fears triggered a market sell-off: Live updates – CNBC

Traders work on the floor of the New York Stock Exchange on March 6, 2025.

NYSE

S&P 500 futures traded around the flatline early Tuesday after concerns that a recession would hit the U.S. economy sparked a broad sell-off on Monday.

Futures tied to the Dow Jones Industrial Average reversed earlier losses to increase 0.2%, or by 85 points, while S&P 500 futures rose by 3 points, or 0.05%.

Nasdaq-100 futures remained in the red, however, dropping 0.15%, albeit off earlier lows.

In after-hours action, shares of Delta Air Lines tumbled about 11% after the carrier slashed its profit and sales forecast for the current quarter due to weaker demand for U.S. travel.

Stocks sank during Monday’s session, extending losses after the S&P 500 posted three consecutive negative weeks. The Nasdaq Composite saw its worst day since September 2022. Meanwhile, the 30-stock Dow, which lost nearly 900 points, closed below its 200-day moving average for the first time since Nov. 1, 2023.

“This is starting to feel like a capitulation in the market,” Anastasia Amoroso, chief investment strategist at iCapital, said on CNBC’s “Closing Bell” on Monday. “We’ve been waiting for the market to, on a broad basis, hit oversold levels, and I think we’re going to get there today. If not today, most likely this week.”

The moves lower come as anxiety over an impending recession rose on Wall Street. When asked about the possibility of a recession, President Donald Trump said during a Fox News interview that aired on Sunday that the economy was going through “a period of transition.” The remarks arrived after Treasury Secretary Scott Bessent told CNBC on Friday that there could be a “detox period” for the economy as the Trump administration slashes federal spending.