US Stocks Retreat Amid Economic Concerns

RunWithRugs · 2026-03-10T18:16:41+00:00

US equity markets declined on Friday, with the Dow, Nasdaq, and S&P 500 all posting losses. Rising labor costs and inflation data raised concerns about prolonged high interest rates, while the Volatility Index spiked, indicating increased investor anxiety.

RunWithRugs

2026-03-10 18:16:41

Abstract generation in progress

(MENAFN) US equity markets ended the session lower on Friday as traders digested new economic indicators and assessed their potential effects on the trajectory of interest rates.

The Dow Jones Industrial Average dropped 0.95%, shedding 453.19 points to finish at 47,501.55.

Meanwhile, the Nasdaq Composite fell 1.59%, losing 361.31 points to close at 22,387.68, and the S&P 500 decreased 1.33%, or 90.69 points, settling at 6,740.02.

The Volatility Index (VIX), often called the market’s “fear index,” surged 24.17% to 29.49, reflecting increased investor anxiety.

Market participants were particularly attentive to inflation data to gauge the Federal Reserve’s forthcoming policy decisions.

Rising labor costs beyond expectations stoked worries that interest rates could stay higher for an extended period.

Official statistics indicated that the US economy contracted by 92,000 jobs in February.

On the commodities front, Brent crude futures climbed past $92 on Friday, marking their highest level since mid-2024, as intensifying tensions in the Middle East raised fears of interruptions to global energy supply chains.

MENAFN09032026000045017167ID1110836064

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.