Nasdaq Enters Bear Market as Dow Plummets 2,200 Points

Nasdaq Enters Bear Market arsenic Dow Plummets 2,200 Points

The Nasdaq Composite entered a carnivore marketplace and the Dow Jones Industrial Average sank 2,231 points connected Friday aft China said it would retaliate against the U.S. with 34% tariffs of its own.

The tech-heavy scale sank 5.8%, closing much than 20% beneath its December grounds to enactment it successful carnivore marketplace territory. The S&P 500 fell astir 6%, marking its largest regular diminution since 2020 The Dow fell 5.5%, closing down 10% from its caller precocious to autumn into a correction.

The CBOE Volatility Index surged to 41.