By Caitlin McCabe and Krystal Hur
A new trading week has done little to calm investors' nerves. Stocks and Treasury yields are both falling.
President Trump over the weekend refused to rule out the U.S. entering a recession this year, telling Fox News there will be a "period of transition, because what we're doing is very big." In contrast, Commerce Secretary Howard Lutnick told NBC News: "There's going to be no recession in America."
Their TV appearances followed a turbulent week in markets, with concerns growing about how the administration's unpredictable tariff policies could affect U.S. growth. The S&P 500 finished Friday with a 3.1% weekly drop, its biggest such decline in six months.
In recent trading:
Major stock indexes fell. The tech-focused Nasdaq Composite led losses, slipping more than 2%.
The 10-year U.S. Treasury yield slipped to around 4.24%. It had settled Friday above 4.31%.
The WSJ Dollar Index hovered at its lowest level since early November. Last week, it suffered its largest decline in more than two years, battered by economic and foreign-policy shakeups.
Overseas, Chinese stocks fell. On Sunday, inflation data showed consumer prices in China dropped last month by more than expected.
The Stoxx Europe 600 ticked lower. European defense extended their recent rally.
Coming later this week:
Inflation gauges for February, plus readings on consumer sentiment and job openings.
Write to Caitlin McCabe at caitlin.mccabe@wsj.com and Krystal Hur at krystal.hur@wsj.com
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 10, 2025 09:37 ET (13:37 GMT)
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