Is this a sign of recession? This question has become more relevant after a huge decline in US markets. Yes, on the last trading day, the US market was so high-ups that indices like Dow Jones and S&P-500 collapsed. As soon as the Asian market opened on Tuesday, the impact of a sharp decline in American markets was seen and most of the markets were trading in red mark. The special thing is that this is the biggest decline in American stock markets in 2 years.
Dau Jones-1100, Nasdaq 4% below. The shadow of recession is once again seen deepening due to the decline in US stock markets. The shares of several major global companies declined on the last trading day, including Tesla’s shares (Tesla’s shares decline by 15%). The condition of Dow Jones looked poor and declined by 1100 points during trading, although the index finally closed at 41,911.71 with a decline of 2.08% or 890 points. Like Dow Jones, S&P-500 also saw a similar situation and closed down 155.64 points or 2.70%. At the same time, Nasdaq saw a major decline and closed at 17,468.32 below 4%, which is the biggest decline in this index after September 2022.
The decline in these big stocks: Talking about the biggest falling big shares amidst this huge decline in the US stock market, the world’s richest man Alan Musk’s electric vehicle company Tesla’s shares (Tesla Stock) fell 15.43 per cent to close at $ 222.15. Additionally, NVIDIA shares fell 5.07% to close at $ 106.98. Microsoft’s shares declined by 3.34%, while Amazon Inc. shares fell 2.36% and delta Air Lines shares declined by 5.54%.
Asian markets fell as soon as they opened; The impact of turmoil in American markets is also seen on the Asian markets on Tuesday. If we look at the major Asian markets, South Korea’s Korea’s Kospi index fell nearly 2 percent, while Japan’s Nikkei index was also trading below 2 percent. Additionally, Hong Kong’s Hangseng was also trading in the field of boom in early trade.
What are the American markets afraid of? It is also important to discuss here what are the apprehensions in the US stock markets due to which they have fallen. So let us tell you that US President Donald Trump’s Tariff War has already created a stir in the world and has started a trade war in the world. On one hand, America is putting tariffs on many countries, on the other hand other countries are also retaliating on America. In such a situation, there is fear of inflation in the country. Additionally, US inflation figures will be released on March 12 and the Producer Price Index (PPI) will be released the next day. Overall, fears of tariffs, inflation and global recession dominate the market.
The impact of this nervousness extending from America to Asian markets can also be seen on the Indian stock market (Stock Market India). Sensex-nifty also fell in a red mark on the last trading day on Monday. The BSE Sensex opened at 22,521 against its previous closed level 22,552 and fell 217 points to close at 74,115.17. Apart from this, NSE Nifty also fell 92.20 points to close at 22,460.
