Nasdaq Tumbles Over 300 Points; Chicago PMI Rises In March

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Nasdaq Tumbles Over 300 Points; Chicago PMI Rises In March

, Benzinga - 10:28 AM ET 3/31/2025 default

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 300 points on Monday.

Following the market opening Monday, the Dow traded down 0.27% to 41,473.52 while the NASDAQ fell 1.87% to 16,998.79. The S&P 500 also fell, dropping, 0.91% to 5,530.01.

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Leading and Lagging Sectors

Energy shares jumped by 1.1% on Monday.

In trading on Monday, consumer discretionary shares fell by 2.1%.

Top Headline

The Chicago PMI climbed to 47.6 in March from 45.5 in the previous month and topping market estimates of 45.2.

Equities Trading UP

iCoreConnect Inc. ( ICNP ) shares shot up 148% to $0.6972.
Shares of Corcept Therapeutics Incorporated ( CORT ) got a boost, surging 83% to $100.17 after the company announced it met its primary endpoint for its Phase 3 ROSELLA trial of Relacorilant.
Newton Golf Company ( NWTG ) shares were also up, gaining 55% to $2.3401.

Equities Trading DOWN

Damon Inc. ( DMN ) shares dropped 52% to $0.0163.
Shares of Vaxcyte, Inc. ( PCVX ) were down 53% to $32.55 after the company provided updates on the pneumococcal conjugate vaccine.
NewGenIvf Group Limited ( NIVF ) was down, falling 37% to $0.5950 after the company announced it has terminated its proposed reverse merger with European Wellness.

Commodities

In commodity news, oil traded up 1.5% to $70.41 while gold traded up 1% at $3,146.50.

Silver traded down 0.7% to $34.58 on Monday, while copper fell 2% to $5.0275.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 1.5%, Germany's DAX 40 fell 1.5% and France's CAC 40 declined 1.5%. Spain's IBEX 35 Index fell 1.5%, while London's FTSE 100 fell 1%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 4.05%, China's Shanghai Composite Index declining 0.46% and Hong Kong's Hang Seng Index dipping 1.31%.

Economics

The Chicago PMI climbed to 47.6 in March from 45.5 in the previous month and topping market estimates of 45.2.

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