Stocks open lower Tuesday as 2025 sell-off continues
Markets opened slightly lower Tuesday as a major sell-off prompted by fears of a slowing economy rolled on.
Markets opened slightly lower Tuesday as a major sell-off prompted by fears of a slowing economy rolled on.
The S&P 500, a broad index of stocks, was down as much as 0.3%. Year to date, the index is down about 5%, and has given up all the gains it had accrued after Donald Trump's electoral victory in November.
The Dow Jones Industrial Average was off about 150 points, or 0.4%. The tech-heavy Nasdaq was down 0.2%.
The latest warning signs about economic growth came from the airline industry: Three major carriers separately warned they were seeing signs of slowing demand, compounded by ongoing jitters in the wake of the mid-air crash involving an American Airlines plane and a military helicopter over the Potomac earlier this year.
In a filing, American said “the revenue environment has been weaker than initially expected due to the impact of Flight 5342 and softness in the domestic leisure segment, primarily in March.”
Rating: 5