Wall Street closed sharply lower due to recession fears and government shutdown concerns

From Zacks Investment Research: 2025-03-11 10:40:14

Wall Street closed sharply lower on Monday due to concerns about a government shutdown and recession fears, leading to a broad-based selloff. The Dow Jones fell 2.1%, the Nasdaq plunged 4%, and the S&P 500 declined 2.7%. Tech and discretionary stocks were hit hard, with Marvell Technology and Microsoft sliding significantly. President Trump’s comments about a possible recession added to investor concerns, with layoffs increasing and inflation resurfacing. The fear of a government shutdown also weighed on markets, as lawmakers have until March 14 to fund the government. No economic data was released on Monday.



Read more at Zacks Investment Research: Stock Market News for Mar 11, 2025 – March 11, 2025