Index Tumbles as Economic Concerns Intensify | Global News Avenue

The major U.S. stock index is New trading week As economic concerns intensify.

Impact of U.S. Trade Policy Cut federal government labor It may cause investors to pause Uncertainty spreads throughout the economy. In an interview over the weekend, President Donald Trump said he could not rule out Possibility of a recession this year.

The S&P 500 fell 2.7%, while the Dow Jones index fell 2.1% on Monday’s meeting. The tech sector sell-off has escalated, delaying Nasdaq stock, down 4.0%, with the biggest daily losses since September 2022.

Tesla (TSLA) Inventory fell 15.4%, posting the sharpest magnitude in any S&P 500. UBS analysts lowered their price targets for Tesla stock on Monday, pointing out that delivery expectations fell amid signs of softening demand for the company’s 3 and Y-type cars. In addition, Tesla reportedly saw vehicle shipments in February in the Chinese truck (EV) market year-on-year. Tesla stock has lost more than a third of its value in the past month, suggesting Potential rebound Political intervention by CEO Elon Musk.

Microchip technology stocks (MCHP), a manufacturer of microcontrollers and other semiconductor products, glides 10.6%. Last week, chipmakers announced plans for restructuring, which included laying off about 2,000 employees as demand fell, especially in the automotive end market. Between severance and other expenses, Microchip expects restructuring costs to range between $30 million and $40 million.

Concerns about potential economic downturns have also put pressure on other high-altitude stocks in the technology sector. Stock of Palantir Technologies, a big data analysis software companybacteria), the best-performing S&P 500 stock last year, 11% decreaseexpanding a series of recent losses. In addition to the growth of economic uncertainty, discussions on defense spending cuts and sales by company insiders have put pressure on Palantir stock.

Regeneron Pharmaceuticals(rain) Stocks rose 5.3%, the most of all S&P 500 stocks obtained on Monday. The biotech company reported positive results from clinical trials of its product dupixent after it reported a rare autoimmune skin disease. Regeneron through cooperation with French pharmaceutical company Sanofi (globalcut).

Stock of Virginia-based utility AES Corp.AES) 4.7% higher after several positive mentions in the financial media (including) CNBC’S “Crazy Money”. ” Jim Cramer, the show’s host, emphasized AES’ dividend yield.

Generator Nextera Energy (OthersNi) was lifted after its top executives’ optimistic tone for future electricity demand. according to ReutersCEO John Ketchum said the company expects electricity demand to increase by 55% over the next 20 years compared to the past two decades, with approximately 17% growth attributed to the expected AI boom. Nextera shares ended up 4.6% higher on Monday.