[New York Pre-Market Check] Selling Pressure Continues on Stock Market... Concerns Over Negative Policy Impact

2025-03-10 20:53
BLOCKMEDIA
Block Media
[New York Pre-Market Check] Selling Pressure Continues on Stock Market... Concerns Over Negative Policy Impact

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# Market Pressure Continues as Wall Street Awaits Key Economic Data New York (Jae-hyung Park) — Ahead of the market opening on Monday, key issues affecting Wall Street were highlighted. # Persistent Selling Pressure Futures on the New York Stock Exchange indices declined. Last week's market experienced significant selling pressure, which appears to continue this week as investors approach forthcoming economic data with caution. The S&P 500 index fell 3.1% last week, marking its worst weekly performance since September of last year. The Dow Jones Industrial Average dropped 2.4%, while the Nasdaq Composite slid 3.5%. The market has been swayed by ongoing tariff negotiations between the U.S., Mexico, and Canada taking place in Washington D.C., amid political uncertainties. President Donald Trump, in a Fox News interview, responded to a question about a possible recession by asserting that "the economy is in the middle of a transition." # Concerns Over Policy Impact Adam Crisafulli, founder of Vital Knowledge, noted, “The U.S. stock market is once again under selling pressure. Although there were no specific adverse events over the weekend, persistent factors continue to weigh on the market.” He highlighted that “the Trump administration's continued adherence to aggressive economic and tariff policies remains a major concern. If this stance is maintained, the risk of a short-term economic slowdown is significant, potentially leading to a prolonged deceleration over several months.” # Key Inflation Indicators The market is also expected to be influenced by this week's major economic indicators. On the 12th, the Consumer Price Index (CPI) for February will be released, followed by the Producer Price Index (PPI) on the 13th. Bill Adams, Chief Economist at Comerica Bank, said, “The focal point of this week's economic calendar will be the inflation data. February’s CPI is expected to show a more moderate increase following the previous month’s sharp rise.” He added, “Tariffs and tariff threats are driving producer prices up faster than consumer prices, which means the annual increase in PPI is likely to remain high.” # Futures Decline According to CNBC, Dow Jones futures declined by 1.02%, Nasdaq futures by 1.32%, and S&P 500 futures by 1.15%. Data from The Wall Street Journal showed the U.S. Dollar Index fell by 0.12% to 103.72, the 10-year U.S. Treasury yield dropped by 5.3 basis points to 4.248%, and WTI futures rose by 0.46% to $67.35 per barrel.
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