MW U.S. stock futures fall after a rough week on Wall Street, as Trump won't rule out recession

By Mike Murphy

U.S. stock futures fell Sunday, as President Donald Trump offered little reassurance after the S&P 500 had its worst week since September.

In an interview with Fox News on Sunday, Trump refused to rule out a recession for the U.S. this year.

"I hate to predict things like that," Trump said, when asked if he was expecting a recession. He said the economy is going through "a period of transition because what we're doing is very big... It takes a little time."

Also read: Investors are anxious about Trump's tariffs. Here's what financial advisers are telling them to do.

Trump also vowed to impose reciprocal tariffs against U.S. trade partners starting April 2, and dismissed business leaders' concerns about the effects of his tariffs, and the unpredictable way they're being implemented.

Separately, Commerce Secretary Howard Lutnick told NBC News on Sunday that there will "absolutely not" be a recession. "Donald Trump is a winner. He's going to win for the American people. That's just the way it's going to be," he told "Meet the Press."

Dow Jones Industrial Average futures (YM00) fell more than 300 points, or 0.8%, on Sunday. S&P 500 futures (ES00) and Nasdaq-100 futures (NQ00) also sank around 1%.

The Dow DJIA ended last week down 2.4%, while the S&P 500 SPX fell 3.1% - briefly dipping below its 200-day moving average - and the Nasdaq Composite COMP lost 3.5%, as it entered and exited correction territory, falling over 10% from its Dec. 16 high.

More: Thinking of buying the stock-market dip? Here's what you should know.

Crypto prices also fell Sunday, after Trump's White House crypto summit on Friday disappointed investors, even after an executive order to create strategic reserves of bitcoin and other digital assets.

Bitcoin (BTCUSD) was down more than 2% on Sunday, to $80,602, down sharply from its record high of $109,225 reached on Jan. 20, while Ethereum (ETHUSD), XRP (XRPUSD), Solana (SOLUSD) and Cardano (ADAUSD) slid as well.

-Mike Murphy

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March 09, 2025 19:23 ET (23:23 GMT)

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