By Angus Berwick
U.S. stock futures declined early Monday after Scott Bessent's weekend comment that "corrections are healthy."
The treasury secretary said Sunday he wasn't worried about a market downturn, telling NBC News, "They're normal. What's not healthy is straight up." President Trump's tariff threats pushed the S&P 500 into its first correction Thursday since late 2023, though indexes rebounded somewhat Friday.
Overseas, China reported robust economic activity for the start of year and announced plans to stimulate its economy. Asian and European stocks rose Monday.
In recent market action:
-- S&P 500, Nasdaq-100 and Dow industrials futures all fell.
-- Benchmark Treasury yields edged below 4.29%. Ten-year yields settled Friday at 4.307%.
-- Gold contracts traded at around $3,000 a troy ounce, having topped that level late Thursday for the first time.
-- Overseas stocks gained. The Stoxx Europe 600 edged up, while Japan's Nikkei 225 and Hong Kong's Hang Seng rose more strongly.
-- Bitcoin prices traded above $83,000.
Coming up:
-- Retail-sales data for February are scheduled for 8:30 a.m. ET Monday.
-- The Federal Reserve's rate decision is due Wednesday.
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 17, 2025 06:38 ET (10:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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