On March 13, 2025, the United States stock market experienced a significant decline, shedding roughly 10% in a single trading day. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq all registered steep losses, decreasing by 8.8%, 9.6%, and 9.1% respectively. This drop marked both the largest single-day decline and the steepest correction, defined as a drop of 10% from a peak, for each index since the downturn that followed the 9/11 attacks. This sudden and large drop was attributed to fears regarding rising interest rates and inflation, as well as concerns regarding economic growth and global trade. The consensus among experts was that this correction was a necessary one for the overall health of the market, as it allowed for a reset and the potential for long-term growth.
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