The Nasdaq 100 plunged 3.81 percent, marking its worst loss since September 2022, fueled by concerns over a potential economic recession as stated by President Trump. The S&P 500 fell 2.7 percent, now nearly 9 percent below its February peak. This decline is further compounded by Trump’s inconsistent tariff policies, which have unsettled investors globally, leading to significant losses in major companies like Tesla. Asian markets also reacted negatively, reflecting the broader impact of these developments on investor sentiment and market stability.
The tech-heavy Nasdaq 100 plunged 3.81 percent, its steepest single-day loss since September 2022, following concerns about a potential recession.
The market rout comes as Trump's back-and-forth tariff announcements have unnerved investors and stoked fears that the economy could be headed for a major slowdown.
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