Till 20 days ago, the US stock market was at a record high. The economy looked strong. There was no sign of recession. But now there is talk of recession everywhere. The reason is that there has been a big decline in the US stock market (Dow Jones, Nasdaq, S&P 500). Dow Jones fell 2.08% on Monday and 1.06% on Tuesday. Nasdaq fell 4% on March 10 and 0.51% on March 11. Similarly, the S&P 500 lost 2.7% on Monday and 0.73% on Tuesday. On Monday, the Nasdaq saw its worst day since September 2022, falling 4%. The Dow Jones, which fell nearly 900 points, closed below its 200-day moving average for the first time since November 1, 2023. In an interview with Fox News, US President Donald Trump said the economy was going through a ‘phase of change’ when asked about the possibility of a recession. As of Monday’s close, 366 components of the S&P 500, which is about 73%, were trading 10% or more below their 52-week high. These are 6 big signs of recession Sensex-Nifty recovered losses
The Sensex recovered most of its losses on Tuesday and closed almost stable. The Sensex closed marginally down 12.85 points at 74,102.32. However, shares of private sector IndusInd Bank fell 27% to close at Rs 655.95. The bank had reported some anomalies in its derivatives portfolio. During the day it fell 28% to a 52-week low of Rs 649. Experts said, instability and high uncertainty regarding Trump’s tariff policy has started affecting the stock markets.
