Live Nasdaq Composite: AAPL, TSLA, PLTR Down, TSCO Up

Key Points

The markets are extending their sell-off with steep losses across the board on recession fears.
Mag 7 stocks are all under pressure.
Wall Street analysts have made several calls today.
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Manic Monday

Mar 10, 2025 at 1:51 PM EDT

Mondays have been tough for the stock market in 2025, and today is the lowest yet. The Dow Jones Industrial Average has now fallen over 1,100 points at its lowest point today while the S&P 500 index is on track for its single-worst performance in two years. The Nasdaq Composite is suffering the worst declines of the three major stock market indices on a percentage basis, falling 769 points or over 4% on the day.

Tesla’s declines have widened to 15% on the day as the stock hovers 50% below its December high. Tesla is not alone as all of the Mag 7 stocks are suffering steep declines, including 5% drops each in the likes of Apple, Microsoft and Google-parent Alphabet.

Defensive stocks that might hold up in a recession like PepsiCo (Nasdaq: PEP) are showing some resilience, including a 1.5% increase in PEP shares. The snack-food and beverage giant is also slightly higher year-to-date. Not to be outdone, Coca-Cola (NYSE: KO) shares are up fractionally on the day. Coca-Cola pays a dividend yield of 2.8% compared with PepsiCo’s 3.5%. Monster Beverage (Nasdaq: MNST) is up 1.2% on the day but doesn’t have a dividend at last check.

Other gainers can be found in the energy, utility and pharmaceutical sectors, including names like NextEra Energy (NYSE: NEE) and Enphase Energy (Nasdaq: ENPH) as well as utility giant AES Corp (NYSE: AES). Pharma stocks Bristol Myers Squibb (NYSE: BMY), Zimmer Biomet (NYSE: ZBH), and Vertex Pharma (Nasdaq: VRTX) are also rare gainers today.

The markets are selling off once again today fueled by recession fears owing to tariff fallout. After what proved to be the worst performing week of 2025 so far, the Magnificent Seven stocks are extending their losses, including an 8% slide in Tesla (Nasdaq: TSLA) shares. At its worst, the Nasdaq Composite sank by over 3%, pressured by Big Tech names like Apple (Nasdaq: AAPL), Alphabet (Nasdaq: GOOGL) and Meta Platforms (Nasdaq: META), each of which was falling 3% or more this morning. The Dow Jones Industrial Average spiraled as much as 400 points before narrowing its losses somewhat.

JPMorgan economists offered some insight, saying, “Our analysis suggests that about 90% of the momentum sell-off is complete” but on the other hand warned that the “unwind could have much further to go.”

Palantir Technologies (Nasdaq: PLTR) is spiraling by 6% to below $80 per share. Palantir stock is trading about 36% below its 52-week high. The company just announced an AI partnership with Voyager to prevent collisions in space.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 452.83 (-1.06%)
Nasdaq Composite: Down 589.03 (-3.21%)
S&P 500: Down 116.69 (-2.0%)

Market Movers

Wall Street analysts are active this Monday morning. Here’s a roundup of some of their biggest calls:

Tesla: UBS analysts have reiterated their “sell” rating on TSLA stock and lowered their price target from $259 to $225 per share. The analyst firm lowered its delivery forecast for Q1 2025 in response to the EV maker’s Q4 results.

Airbnb (Nasdaq: ABNB): Jefferies has upgraded its rating on the short-term rental company to “buy” from “hold” amid what it sees as “durable growth” ahead.

Nvidia (Nasdaq: NVDA): Morgan Stanley still like the stock and reiterated their “overweight” rating on NVDA shares, saying that despite despite investor doubts, “investment in AI remains the bright spot for semis.”

Among today’s gainers is Tractor Supply (Nasdaq: TSCO), which is up 3.5%. The company recently increased its dividend payout by 4.5% to $0.92 per share.