Trading results for 10 March 2025
Everything you need to know about a panic sell-off was on full display this Monday, 10 March. The market had been declining for nearly three weeks, but until now, it had been more of a gradual slide rather than a steep plunge into the abyss. Even with yesterday’s nearly 3% losses, the main benchmark of the U.S. market – the S&P 500 index – has retreated less than 10% from its all-time high reached on 19 February.
Let’s be honest, this is hardly a full-scale crash – more like a warm-up for the stock market bears awakening from their winter hibernation. But it still feels unsettling, especially after a Monday like that. The most troubling part? There wasn’t a clear trigger for the sell-off. From the start of the day, market participants decided that risks were high and that trade wars could push the U.S. economy into a recession. So, they sold off. And once selling starts, it tends to snowball…
The hardest-hit stocks, of course, were those of companies that had seen the biggest gains recently. No need to consult a fortune teller to figure out which ones – it was obvious. The "Magnificent Seven" led the decline, followed by the entire big tech sector, particularly those caught up in the AI hype, and then the financial sector as a whole. The standout (or rather, lowlight) of the day was Tesla (TSLA), which suffered the worst performance in the S&P 500, plunging 15.43%.
The only sectors that saw any demand were utilities and energy. Utility stocks gained 0.45% on average, while oil and gas stocks rose 0.28%.
All of this weighed heavily on the indexes, making Monday the worst trading day of 2025 so far. The NASDAQ Composite, home to many high-tech stocks, suffered the most, losing 4% in a single day. The Dow Jones (DJIA-30) and the S&P 500 didn’t escape the carnage either, dropping 2.08% and 2.70%, respectively.
Naturally, this wave of panic selling also affected the ITS indexes. While the ITS World Index (ITSW) managed to stay afloat last week thanks to gains in Chinese stocks, this time there was no counterbalance to the sell-off in U.S. equities. Only 4 out of 50 companies in the index closed in the green. When giants like Apple (AAPL, -4.85%) and Nvidia (NVDA, -5.07%) shed a combined $750 billion in market cap in a single day, the 3.37% decline in ITSW was inevitable.
Even worse was the ITS Shariah Index (ITSS), which fell 4.20% due to its exclusive exposure to U.S. stocks. Given the broad market sell-off, there was little hope for resilience in this sector.
Monday’s market rout hit investors hard – both emotionally and financially. But this doesn’t mean all is lost or that it’s time to dump everything. The market may still receive different – and hopefully more positive – signals from macroeconomic data on consumer inflation and retail sales later this week. We are in a period of heightened volatility, and sell-offs like Monday’s are now part of the landscape. Buckle up.