Stock Market Today: Stocks extend slump on tariff, growth concerns
Stocks are set for another wild ride as volatility spikes amid the daily tariff uncertainty.
U.S. stocks moved sharply lower in early Thursday trading amid a global government bond market selloff and slumping tech stocks as investors continue to navigate a backdrop of tariff uncertainty and softer economic growth.
Updated at 9:37 AM EST
Deep red
The S&P 500 was marked 85 points, or 1.45%, with the Nasdaq falling 344 points, or 1.87%.
The Dow slumped 488 points while the mid-cap Russell 2000 fell 32 points, or 1.55%, following a series of job market data updates prior to the start of trading.
"On any other day, today’s modest jobless claims number may have offset some of the concerns raised by yesterday’s weak ADP report," said Chris Larkin, managing director for trading and investing at E*Trade from Morgan Stanley.
"But right now, trade policy is dominating market action. Until the tariff smoke clears, it could continue to be a bumpy ride for traders and investors," he added.
S&P 500 Opening Bell Heatmap (Mar. 06, 2025)$SPY -1.34%
