Nasdaq Enters Correction as Stocks Plunge Amid Trade-War Uncertainty
US stocks tanked to session lows on Thursday after more tariff whiplash from the Trump administration. The Dow Jones Industrial Average fell 1%, or over 400 points, while the S&P 500 dropped nearly 2%. The tech-heavy Nasdaq Composite plummeted more than 2.6%. The Nasdaq is now more than 10% off its December record high and officially entered into correction territory. Trade-war uncertainty has persisted as investors weighed how far President Donald Trump would be willing to negotiate on tariffs.
- This market volatility highlights the ongoing struggle for investors to navigate the complex web of trade policies and their impact on corporate earnings, ultimately affecting the broader stock market.
- Will the upcoming jobs report, set for release Friday morning, provide a much-needed catalyst for the market or continue the downward trend?