CNBC Business News Update Market Midday: Stocks Mixed, Stocks On Pace For First Losing Q1 In 3 Years, US Growth Forecast To Stall 3/31/25
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Mar 31, 2025 The podcast dives into the stock market's tumultuous state, highlighting a recovery in the Dow amidst declines for the S&P 500 and Nasdaq. Concerns grow over a potential first losing quarter in three years due to a 20% drop in average stocks. The discussion also touches on an urgent measles outbreak in West Texas and its implications for public health. Additionally, there's news about job cuts at the Parent QVC Group and the success of Amazon MGM's latest film, along with a nod to an upcoming summit for influential women in business.
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Market Update
- Stocks are mixed as Wall Street attempts to recover after a sell-off.
- The Dow is up, but the S&P 500 and Nasdaq are down, with major averages on pace for a losing March and year.
Economic Outlook
- The S&P 500 is poised for its first losing first quarter in three years.
- Goldman Sachs predicts tariffs will cause inflation and increase recession risk.
GDP Growth Forecast
- First quarter U.S. economic growth is predicted to stall at 0.3%.
- Investors are concerned about potential stagflation, a stagnant economy with high inflation.