Nasdaq is in bear market, falling 22.7% from record close, signaling negative market impact.

From Yahoo Finance: 2025-04-04 16:29:00

The Nasdaq Composite index confirmed it is in a bear market after a 22.7% fall from its record high, closing down 5.8% on Friday. China announced 34% tariffs on U.S. goods in retaliation to Trump’s tariffs, sparking fears of a trade war and recession. The index closed at 15,587.79, down from its December high of 20,173.89. This marks the deepest two-day selloff since March 2020. The Dow is in a correction, and the S&P 500 is more than 17% below its high. Apple and Nvidia were among the biggest contributors to the Nasdaq’s decline, with Apple falling 7.3% and Nvidia over 7%.



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